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	$265,615	$265,615	$314,100
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$48,485	$0
Funding fee	$1,328	$1,328	$0
Note rate	2.950%	2.950%	7.400%
Blended rate	2.950%	3.884%	7.640%
1st payment	$1,258.37	$1,258.37	$2,174.76
2nd payment	$0.00	$363.64	$0.00
Taxes / mo	$124.92	$124.92	$124.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$62.82
HOA / mo	$91.00	$91.00	$91.00
Total monthly	$1,624.29	$1,987.92	$2,603.50
Cash to close	$83,385	$34,900	$34,900