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	$416,638	$405,000
Remaining term (yrs)	26.8	30.0
Secondary amount	$0	$0
Funding fee	$2,083	$0
Note rate	6.710%	7.400%
Blended rate	6.710%	7.640%
1st payment	$2,790.47	$2,804.14
2nd payment	$0.00	$0.00
Taxes / mo	$133.25	$133.25
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$81.00
HOA / mo	$82.00	$82.00
Total monthly	$3,155.72	$3,250.39
Cash to close	$33,362	$45,000