Phillips Property Group - The Brokery
Contact

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$160,417$160,417$386,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$225,683$0
Funding fee$802$802$0
Note rate3.070%3.070%7.400%
Blended rate3.070%5.806%7.640%
1st payment$759.86$759.86$2,673.28
2nd payment$0.00$1,457.54$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$18.33$18.33$18.33
Total monthly$1,067.19$2,524.73$3,057.83
Cash to close$268,583$42,900$42,900