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	$221,945	$221,945	$314,910
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$92,965	$0
Funding fee	$1,110	$1,110	$0
Note rate	4.100%	4.100%	7.400%
Blended rate	4.100%	5.547%	7.640%
1st payment	$1,248.77	$1,248.77	$2,180.37
2nd payment	$0.00	$697.24	$0.00
Taxes / mo	$171.92	$171.92	$171.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$62.98
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,662.69	$2,359.93	$2,657.27
Cash to close	$127,955	$34,990	$34,990