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	$227,912	$227,912	$328,500
Remaining term (yrs)	24.8	24.8	30.0
Secondary amount	$0	$100,588	$0
Funding fee	$1,140	$1,140	$0
Note rate	3.090%	3.090%	7.400%
Blended rate	3.090%	4.593%	7.640%
1st payment	$1,093.90	$1,093.90	$2,274.47
2nd payment	$0.00	$670.59	$0.00
Taxes / mo	$116.33	$116.33	$116.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$65.70
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,452.24	$2,122.83	$2,698.50
Cash to close	$137,088	$36,500	$36,500