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	$243,319	$243,319	$256,500
Remaining term (yrs)	24.9	24.9	30.0
Secondary amount	$0	$27,431	$0
Funding fee	$1,217	$1,217	$0
Note rate	2.980%	2.980%	7.400%
Blended rate	2.980%	3.881%	7.640%
1st payment	$1,151.32	$1,151.32	$1,775.95
2nd payment	$0.00	$271.45	$0.00
Taxes / mo	$99.00	$99.00	$99.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$51.30
HOA / mo	$410.00	$410.00	$410.00
Total monthly	$1,810.32	$2,081.77	$2,486.25
Cash to close	$41,681	$14,250	$28,500