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	$270,241	$270,241	$369,000
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$98,759	$0
Funding fee	$1,351	$1,351	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	2.810%	4.467%	7.640%
1st payment	$1,278.71	$1,278.71	$2,554.88
2nd payment	$0.00	$740.69	$0.00
Taxes / mo	$128.58	$128.58	$128.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.80
HOA / mo	$71.00	$71.00	$71.00
Total monthly	$1,628.30	$2,368.99	$2,978.26
Cash to close	$139,759	$41,000	$41,000