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	$309,243	$314,999
Remaining term (yrs)	25.0	30.0
Secondary amount	$0	$0
Funding fee	$1,546	$0
Note rate	2.840%	7.400%
Blended rate	2.840%	7.640%
1st payment	$1,437.57	$2,180.99
2nd payment	$0.00	$0.00
Taxes / mo	$251.50	$251.50
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$63.00
HOA / mo	$85.00	$85.00
Total monthly	$1,924.07	$2,730.49
Cash to close	$40,756	$35,000