Phillips Property Group - The Brokery
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$710,423$710,423$1,260,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$549,577$0
Funding fee$3,552$3,552$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.010%7.640%
1st payment$3,398.72$3,398.72$8,723.99
2nd payment$0.00$3,549.35$0.00
Taxes / mo$309.58$309.58$309.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$130.00$130.00$130.00
Total monthly$4,054.97$7,604.32$9,632.24
Cash to close$689,577$140,000$140,000