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$214,338$214,338$337,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$123,162$0
Funding fee$1,072$1,072$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.799%7.640%
1st payment$1,016.55$1,016.55$2,336.78
2nd payment$0.00$821.08$0.00
Taxes / mo$214.92$214.92$214.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,381.47$2,202.55$2,769.20
Cash to close$160,662$37,500$37,500