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	$521,524	$512,010
Remaining term (yrs)	29.0	30.0
Secondary amount	$0	$0
Funding fee	$2,608	$0
Note rate	3.490%	7.400%
Blended rate	3.490%	7.640%
1st payment	$2,376.93	$3,545.05
2nd payment	$0.00	$0.00
Taxes / mo	$13.92	$13.92
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$102.40
HOA / mo	$112.00	$112.00
Total monthly	$2,669.52	$3,940.04
Cash to close	$47,376	$56,890