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	$434,505	$413,550
Remaining term (yrs)	29.5	30.0
Secondary amount	$0	$0
Funding fee	$2,173	$0
Note rate	6.370%	7.400%
Blended rate	6.370%	7.640%
1st payment	$2,722.08	$2,863.34
2nd payment	$0.00	$0.00
Taxes / mo	$133.17	$133.17
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$82.71
HOA / mo	$91.67	$91.67
Total monthly	$3,113.58	$3,337.55
Cash to close	$24,995	$45,950