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	$360,126	$360,126	$719,100
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$358,974	$0
Funding fee	$1,801	$1,801	$0
Note rate	3.600%	3.600%	7.400%
Blended rate	3.600%	5.672%	7.640%
1st payment	$1,898.60	$1,898.60	$4,978.90
2nd payment	$0.00	$2,318.38	$0.00
Taxes / mo	$345.25	$345.25	$345.25
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$143.82
HOA / mo	$132.00	$132.00	$132.00
Total monthly	$2,592.52	$4,910.89	$5,816.64
Cash to close	$438,874	$79,900	$79,900