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	$497,496	$485,910
Remaining term (yrs)	29.2	30.0
Secondary amount	$0	$0
Funding fee	$2,487	$0
Note rate	6.260%	7.400%
Blended rate	6.260%	7.640%
1st payment	$3,090.25	$3,364.34
2nd payment	$0.00	$0.00
Taxes / mo	$124.67	$124.67
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$97.18
HOA / mo	$36.00	$36.00
Total monthly	$3,417.58	$3,788.86
Cash to close	$42,404	$53,990