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	$53,034	$53,034	$235,350
Remaining term (yrs)	20.2	20.2	30.0
Secondary amount	$0	$182,316	$0
Funding fee	$265	$265	$0
Note rate	4.030%	4.030%	7.400%
Blended rate	4.030%	7.105%	7.640%
1st payment	$318.78	$318.78	$1,629.52
2nd payment	$0.00	$1,215.44	$0.00
Taxes / mo	$29.42	$29.42	$29.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$47.07
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$498.20	$1,713.64	$1,856.00
Cash to close	$208,466	$26,150	$26,150