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	$186,130	$186,130	$321,300
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$135,170	$0
Funding fee	$931	$931	$0
Note rate	3.700%	3.700%	7.400%
Blended rate	3.700%	5.509%	7.640%
1st payment	$991.22	$991.22	$2,224.62
2nd payment	$0.00	$901.14	$0.00
Taxes / mo	$110.50	$110.50	$110.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$64.26
HOA / mo	$78.00	$78.00	$78.00
Total monthly	$1,329.72	$2,230.85	$2,627.38
Cash to close	$170,870	$35,700	$35,700