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	$457,594	$449,910
Remaining term (yrs)	25.5	30.0
Secondary amount	$0	$0
Funding fee	$2,288	$0
Note rate	3.890%	7.400%
Blended rate	3.890%	7.640%
1st payment	$2,355.48	$3,115.09
2nd payment	$0.00	$0.00
Taxes / mo	$185.17	$185.17
Insurance / mo	$166.67	$166.67
MI / mo	$0.00	$89.98
HOA / mo	$164.67	$164.67
Total monthly	$2,871.98	$3,721.57
Cash to close	$42,306	$49,990