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	$322,759	$322,759	$764,955
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$442,196	$0
Funding fee	$1,614	$1,614	$0
Note rate	3.650%	3.650%	7.400%
Blended rate	3.650%	6.020%	7.640%
1st payment	$1,698.77	$1,698.77	$5,296.39
2nd payment	$0.00	$2,855.85	$0.00
Taxes / mo	$435.42	$435.42	$435.42
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$152.99
HOA / mo	$524.67	$524.67	$524.67
Total monthly	$2,875.52	$5,731.37	$6,626.14
Cash to close	$527,191	$84,995	$84,995