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$290,434$290,434$678,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$388,166$0
Funding fee$1,452$1,452$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.644%7.640%
1st payment$1,377.23$1,377.23$4,698.49
2nd payment$0.00$2,506.91$0.00
Taxes / mo$270.17$270.17$270.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,864.07$4,370.97$5,321.04
Cash to close$463,566$75,400$75,400