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	$315,433	$315,433	$562,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$247,067	$0
Funding fee	$1,577	$1,577	$0
Note rate	2.990%	2.990%	7.400%
Blended rate	2.990%	5.081%	7.640%
1st payment	$1,500.93	$1,500.93	$3,894.64
2nd payment	$0.00	$1,595.64	$0.00
Taxes / mo	$209.08	$209.08	$209.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$124.00	$124.00	$124.00
Total monthly	$2,000.68	$3,596.32	$4,506.89
Cash to close	$309,567	$62,500	$62,500