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	$202,055	$202,055	$467,550
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$265,495	$0
Funding fee	$1,010	$1,010	$0
Note rate	2.980%	2.980%	7.400%
Blended rate	2.980%	5.689%	7.640%
1st payment	$960.39	$960.39	$3,237.22
2nd payment	$0.00	$1,714.65	$0.00
Taxes / mo	$131.83	$131.83	$131.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$93.51
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,258.89	$2,973.55	$3,629.23
Cash to close	$317,445	$51,950	$51,950