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	$188,556	$188,556	$350,100
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$161,544	$0
Funding fee	$943	$943	$0
Note rate	4.410%	4.410%	7.400%
Blended rate	4.410%	6.067%	7.640%
1st payment	$1,100.01	$1,100.01	$2,424.02
2nd payment	$0.00	$1,076.96	$0.00
Taxes / mo	$81.83	$81.83	$81.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$70.02
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,331.84	$2,408.80	$2,725.88
Cash to close	$200,444	$38,900	$38,900