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$118,865$118,865$404,999
Remaining term (yrs)27.027.030.0
Secondary amount$0$286,134$0
Funding fee$594$594$0
Note rate3.000%3.000%7.400%
Blended rate3.000%6.356%7.640%
1st payment$533.59$533.59$2,804.13
2nd payment$0.00$1,847.95$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$97.00$97.00$97.00
Total monthly$1,012.34$2,860.29$3,363.88
Cash to close$331,134$45,000$45,000