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$341,370$341,370$540,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$198,630$0
Funding fee$1,707$1,707$0
Note rate6.100%6.100%7.400%
Blended rate6.100%6.799%7.640%
1st payment$2,081.03$2,081.03$3,738.85
2nd payment$0.00$1,324.20$0.00
Taxes / mo$154.67$154.67$154.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$329.00$329.00$329.00
Total monthly$2,731.37$4,055.57$4,497.18
Cash to close$258,630$60,000$60,000