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	$318,249	$318,249	$863,910
Remaining term (yrs)	25.0	25.0	30.0
Secondary amount	$0	$545,661	$0
Funding fee	$1,591	$1,591	$0
Note rate	2.900%	2.900%	7.400%
Blended rate	2.900%	5.963%	7.640%
1st payment	$1,485.94	$1,485.94	$5,981.54
2nd payment	$0.00	$3,524.06	$0.00
Taxes / mo	$343.75	$343.75	$343.75
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$172.78
HOA / mo	$19.00	$19.00	$19.00
Total monthly	$2,065.36	$5,589.42	$6,733.74
Cash to close	$641,651	$95,990	$95,990