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	$431,049	$431,049	$1,570,500
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$1,139,451	$0
Funding fee	$2,155	$2,155	$0
Note rate	3.260%	3.260%	7.400%
Blended rate	3.260%	6.518%	7.640%
1st payment	$2,169.69	$2,169.69	$10,873.82
2nd payment	$0.00	$7,358.95	$0.00
Taxes / mo	$174.75	$174.75	$174.75
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$314.10
HOA / mo	$78.33	$78.33	$78.33
Total monthly	$2,639.43	$9,998.39	$11,657.67
Cash to close	$1,313,951	$174,500	$174,500