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$229,922$229,922$341,010
Remaining term (yrs)25.025.030.0
Secondary amount$0$111,088$0
Funding fee$1,150$1,150$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.541%7.640%
1st payment$1,069.97$1,069.97$2,361.08
2nd payment$0.00$740.59$0.00
Taxes / mo$148.50$148.50$148.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.20
HOA / mo$60.00$60.00$60.00
Total monthly$1,428.47$2,169.05$2,787.79
Cash to close$148,978$37,890$37,890