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	$334,730	$334,730	$560,698
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$225,968	$0
Funding fee	$1,674	$1,674	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	2.680%	4.723%	7.640%
1st payment	$1,557.92	$1,557.92	$3,882.16
2nd payment	$0.00	$1,459.37	$0.00
Taxes / mo	$258.33	$258.33	$258.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.14
HOA / mo	$124.33	$124.33	$124.33
Total monthly	$2,107.25	$3,566.62	$4,543.63
Cash to close	$288,268	$62,300	$62,300