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	$497,065	$439,200
Remaining term (yrs)	25.5	30.0
Secondary amount	$0	$0
Funding fee	$2,485	$0
Note rate	4.170%	7.400%
Blended rate	4.170%	7.640%
1st payment	$2,631.25	$3,040.93
2nd payment	$0.00	$0.00
Taxes / mo	$109.08	$109.08
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$87.84
HOA / mo	$0.00	$0.00
Total monthly	$2,907.00	$3,404.52
Cash to close	$0	$48,800