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	$362,072	$362,072	$463,500
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$101,428	$0
Funding fee	$1,810	$1,810	$0
Note rate	2.375%	2.375%	7.400%
Blended rate	2.375%	3.606%	7.640%
1st payment	$1,637.94	$1,637.94	$3,209.18
2nd payment	$0.00	$676.18	$0.00
Taxes / mo	$234.25	$234.25	$234.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$92.70
HOA / mo	$131.00	$131.00	$131.00
Total monthly	$2,169.85	$2,846.04	$3,833.80
Cash to close	$152,928	$51,500	$51,500