Sophia Sommer | The Sommer Group

Sophia Sommer

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$205,901	$205,901	$422,100
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$216,199	$0
Funding fee	$1,030	$1,030	$0
Note rate	3.420%	3.420%	7.400%
Blended rate	3.420%	5.638%	7.640%
1st payment	$1,192.65	$1,192.65	$2,922.54
2nd payment	$0.00	$1,396.28	$0.00
Taxes / mo	$174.42	$174.42	$174.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$84.42
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$1,608.73	$3,005.01	$3,423.04
Cash to close	$263,099	$46,900	$46,900