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$911,352$911,352$1,057,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$146,148$0
Funding fee$4,557$4,557$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.043%7.640%
1st payment$6,127.75$6,127.75$7,321.92
2nd payment$0.00$974.32$0.00
Taxes / mo$354.50$354.50$354.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$211.50
HOA / mo$165.00$165.00$165.00
Total monthly$6,863.92$7,838.23$8,269.58
Cash to close$263,648$117,500$117,500