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	$393,670	$373,500
Remaining term (yrs)	28.4	30.0
Secondary amount	$0	$0
Funding fee	$1,968	$0
Note rate	6.650%	7.400%
Blended rate	6.650%	7.640%
1st payment	$2,569.80	$2,586.04
2nd payment	$0.00	$0.00
Taxes / mo	$134.67	$134.67
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$74.70
HOA / mo	$98.00	$98.00
Total monthly	$2,952.47	$3,043.41
Cash to close	$21,330	$41,500