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	$477,871	$472,500
Remaining term (yrs)	26.3	30.0
Secondary amount	$0	$0
Funding fee	$2,389	$0
Note rate	6.420%	7.400%
Blended rate	6.420%	7.640%
1st payment	$3,134.08	$3,271.49
2nd payment	$0.00	$0.00
Taxes / mo	$179.08	$179.08
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$94.50
HOA / mo	$96.00	$96.00
Total monthly	$3,575.83	$3,807.74
Cash to close	$47,129	$52,500