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$306,023$306,023$414,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$107,977$0
Funding fee$1,530$1,530$0
Note rate2.780%2.780%7.400%
Blended rate2.780%4.141%7.640%
1st payment$1,416.42$1,416.42$2,866.45
2nd payment$0.00$719.85$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,764.84$2,484.69$3,297.67
Cash to close$153,977$46,000$46,000