Sophia Sommer | The Sommer Group

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Payment stack including taxes, insurance, and HOA

Down payment / equity bring-to

Detail	Assumable Loan Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$426,267	$427,500
Remaining term (yrs)	25.1	30.0
Secondary amount	$0	$0
Funding fee	$2,131	$0
Note rate	3.070%	7.400%
Blended rate	3.070%	7.640%
1st payment	$2,023.55	$2,959.92
2nd payment	$0.00	$0.00
Taxes / mo	$218.33	$218.33
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$85.50
HOA / mo	$75.33	$75.33
Total monthly	$2,483.88	$3,505.75
Cash to close	$48,733	$47,500