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	$258,558	$258,558	$382,500
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$123,942	$0
Funding fee	$1,293	$1,293	$0
Note rate	2.860%	2.860%	7.400%
Blended rate	2.860%	4.526%	7.640%
1st payment	$1,238.90	$1,238.90	$2,648.35
2nd payment	$0.00	$826.28	$0.00
Taxes / mo	$133.42	$133.42	$133.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$76.50
HOA / mo	$85.00	$85.00	$85.00
Total monthly	$1,607.32	$2,433.59	$3,093.27
Cash to close	$166,442	$42,500	$42,500