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	$677,987	$641,250
Remaining term (yrs)	25.4	30.0
Secondary amount	$0	$0
Funding fee	$3,390	$0
Note rate	3.210%	7.400%
Blended rate	3.210%	7.640%
1st payment	$3,247.60	$4,439.89
2nd payment	$0.00	$0.00
Taxes / mo	$256.00	$256.00
Insurance / mo	$216.67	$216.67
MI / mo	$0.00	$128.25
HOA / mo	$124.00	$124.00
Total monthly	$3,844.27	$5,164.80
Cash to close	$34,513	$71,250