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	$380,633	$359,999
Remaining term (yrs)	29.1	30.0
Secondary amount	$0	$0
Funding fee	$1,903	$0
Note rate	6.220%	7.400%
Blended rate	6.220%	7.640%
1st payment	$2,356.87	$2,492.56
2nd payment	$0.00	$0.00
Taxes / mo	$101.17	$101.17
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$72.00
HOA / mo	$79.00	$79.00
Total monthly	$2,687.03	$2,894.73
Cash to close	$19,366	$40,000