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	$266,022	$266,022	$369,000
Remaining term (yrs)	24.8	24.8	30.0
Secondary amount	$0	$102,978	$0
Funding fee	$1,330	$1,330	$0
Note rate	2.980%	2.980%	7.400%
Blended rate	2.980%	4.381%	7.640%
1st payment	$1,261.58	$1,261.58	$2,554.88
2nd payment	$0.00	$686.52	$0.00
Taxes / mo	$103.50	$103.50	$103.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.80
HOA / mo	$72.00	$72.00	$72.00
Total monthly	$1,587.08	$2,273.60	$2,954.18
Cash to close	$143,978	$41,000	$41,000