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	$276,851	$278,999
Remaining term (yrs)	25.1	30.0
Secondary amount	$0	$0
Funding fee	$1,384	$0
Note rate	2.875%	7.400%
Blended rate	2.875%	7.640%
1st payment	$1,286.17	$1,931.73
2nd payment	$0.00	$0.00
Taxes / mo	$123.42	$123.42
Insurance / mo	$150.00	$150.00
MI / mo	$0.00	$55.80
HOA / mo	$85.67	$85.67
Total monthly	$1,645.25	$2,346.62
Cash to close	$33,148	$31,000