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	$219,695	$219,695	$342,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$122,305	$0
Funding fee	$1,098	$1,098	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	2.680%	4.583%	7.640%
1st payment	$1,022.51	$1,022.51	$2,367.94
2nd payment	$0.00	$815.37	$0.00
Taxes / mo	$82.17	$82.17	$82.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$68.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,254.68	$2,070.05	$2,668.51
Cash to close	$160,305	$38,000	$38,000