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	$551,585	$521,100
Remaining term (yrs)	28.9	30.0
Secondary amount	$0	$0
Funding fee	$2,758	$0
Note rate	6.500%	7.400%
Blended rate	6.500%	7.640%
1st payment	$3,525.80	$3,607.99
2nd payment	$0.00	$0.00
Taxes / mo	$235.83	$235.83
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$104.22
HOA / mo	$55.00	$55.00
Total monthly	$3,983.30	$4,169.71
Cash to close	$27,415	$57,900