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	$382,201	$377,100
Remaining term (yrs)	29.0	30.0
Secondary amount	$0	$0
Funding fee	$1,911	$0
Note rate	6.500%	7.400%
Blended rate	6.500%	7.640%
1st payment	$2,438.36	$2,610.96
2nd payment	$0.00	$0.00
Taxes / mo	$258.17	$258.17
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$75.42
HOA / mo	$52.00	$52.00
Total monthly	$2,898.53	$3,146.55
Cash to close	$36,799	$41,900