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	$217,392	$217,392	$369,000
Remaining term (yrs)	22.1	22.1	30.0
Secondary amount	$0	$151,608	$0
Funding fee	$1,087	$1,087	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	2.810%	4.942%	7.640%
1st payment	$1,096.00	$1,096.00	$2,554.88
2nd payment	$0.00	$1,010.72	$0.00
Taxes / mo	$359.83	$359.83	$359.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.80
HOA / mo	$291.33	$291.33	$291.33
Total monthly	$1,897.17	$2,907.89	$3,429.84
Cash to close	$192,608	$41,000	$41,000