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	$676,483	$676,483	$3,059,100
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$2,382,617	$0
Funding fee	$3,382	$3,382	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.020%	6.704%	7.640%
1st payment	$3,251.53	$3,251.53	$21,180.59
2nd payment	$0.00	$15,387.73	$0.00
Taxes / mo	$868.17	$868.17	$868.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$611.82
HOA / mo	$152.58	$152.58	$152.58
Total monthly	$4,488.95	$19,876.68	$23,029.82
Cash to close	$2,722,517	$339,900	$339,900