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	$404,867	$404,867	$562,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$157,633	$0
Funding fee	$2,024	$2,024	$0
Note rate	3.050%	3.050%	7.400%
Blended rate	3.050%	4.437%	7.640%
1st payment	$1,909.37	$1,909.37	$3,894.64
2nd payment	$0.00	$1,050.89	$0.00
Taxes / mo	$187.58	$187.58	$187.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$154.00	$154.00	$154.00
Total monthly	$2,417.62	$3,468.51	$4,515.39
Cash to close	$220,133	$62,500	$62,500