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	$537,729	$531,000
Remaining term (yrs)	26.7	30.0
Secondary amount	$0	$0
Funding fee	$2,689	$0
Note rate	6.430%	7.400%
Blended rate	6.430%	7.640%
1st payment	$3,509.23	$3,676.54
2nd payment	$0.00	$0.00
Taxes / mo	$199.75	$199.75
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$106.20
HOA / mo	$60.00	$60.00
Total monthly	$3,935.65	$4,209.15
Cash to close	$52,271	$59,000