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	$378,896	$355,500
Remaining term (yrs)	26.6	30.0
Secondary amount	$0	$0
Funding fee	$1,894	$0
Note rate	6.270%	7.400%
Blended rate	6.270%	7.640%
1st payment	$2,437.22	$2,461.41
2nd payment	$0.00	$0.00
Taxes / mo	$121.67	$121.67
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$71.10
HOA / mo	$64.00	$64.00
Total monthly	$2,772.89	$2,868.18
Cash to close	$16,104	$39,500