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$298,933$298,933$468,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$169,067$0
Funding fee$1,495$1,495$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.723%7.640%
1st payment$1,430.46$1,430.46$3,240.34
2nd payment$0.00$1,127.11$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$92.00$92.00$92.00
Total monthly$1,887.87$3,014.99$3,791.35
Cash to close$221,067$52,000$52,000