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	$191,521	$191,521	$409,496
Remaining term (yrs)	26.2	26.2	30.0
Secondary amount	$0	$217,974	$0
Funding fee	$958	$958	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	6.810%	7.310%	7.640%
1st payment	$1,305.18	$1,305.18	$2,835.26
2nd payment	$0.00	$1,407.75	$0.00
Taxes / mo	$208.83	$208.83	$208.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$81.90
HOA / mo	$146.00	$146.00	$146.00
Total monthly	$1,826.68	$3,234.43	$3,438.66
Cash to close	$263,474	$45,500	$45,500