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	$104,329	$104,329	$418,500
Remaining term (yrs)	15.4	15.4	30.0
Secondary amount	$0	$314,171	$0
Funding fee	$522	$522	$0
Note rate	3.980%	3.980%	7.400%
Blended rate	3.980%	6.810%	7.640%
1st payment	$752.50	$752.50	$2,897.61
2nd payment	$0.00	$2,029.02	$0.00
Taxes / mo	$179.92	$179.92	$179.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$83.70
HOA / mo	$77.17	$77.17	$77.17
Total monthly	$1,176.25	$3,205.27	$3,405.06
Cash to close	$360,671	$46,500	$46,500