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	$256,357	$256,357	$445,500
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$189,143	$0
Funding fee	$1,282	$1,282	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	2.670%	4.933%	7.640%
1st payment	$1,191.85	$1,191.85	$3,084.55
2nd payment	$0.00	$1,260.95	$0.00
Taxes / mo	$167.00	$167.00	$167.00
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$89.10
HOA / mo	$87.00	$87.00	$87.00
Total monthly	$1,612.51	$2,873.46	$3,594.32
Cash to close	$238,643	$49,500	$49,500