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	$137,783	$137,783	$256,500
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$118,717	$0
Funding fee	$689	$689	$0
Note rate	2.660%	2.660%	7.400%
Blended rate	2.660%	5.132%	7.640%
1st payment	$671.47	$671.47	$1,775.95
2nd payment	$0.00	$791.45	$0.00
Taxes / mo	$100.33	$100.33	$100.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$51.30
HOA / mo	$52.00	$52.00	$52.00
Total monthly	$973.81	$1,765.25	$2,129.59
Cash to close	$147,217	$28,500	$28,500