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$562,083$562,083$990,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$427,917$0
Funding fee$2,810$2,810$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.279%7.640%
1st payment$3,874.63$3,874.63$6,854.56
2nd payment$0.00$2,763.63$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$132.00$132.00$132.00
Total monthly$4,554.71$7,318.35$7,732.64
Cash to close$537,917$110,000$110,000