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	$600,523	$571,500
Remaining term (yrs)	28.8	30.0
Secondary amount	$0	$0
Funding fee	$3,003	$0
Note rate	6.580%	7.400%
Blended rate	6.580%	7.640%
1st payment	$3,873.69	$3,956.95
2nd payment	$0.00	$0.00
Taxes / mo	$188.92	$188.92
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$114.30
HOA / mo	$85.33	$85.33
Total monthly	$4,314.61	$4,512.16
Cash to close	$34,477	$63,500