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$39,476$39,476$423,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$383,524$0
Funding fee$197$197$0
Note rate5.850%5.850%7.400%
Blended rate5.850%7.573%7.640%
1st payment$591.06$591.06$2,928.77
2nd payment$0.00$2,476.93$0.00
Taxes / mo$143.33$143.33$143.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$901.06$3,377.99$3,323.37
Cash to close$430,524$47,000$47,000