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$700,347$700,347$791,991
Remaining term (yrs)25.025.030.0
Secondary amount$0$91,644$0
Funding fee$3,493$3,493$0
Note rate2.500%2.500%7.400%
Blended rate2.500%3.254%7.640%
1st payment$3,119.48$3,119.48$5,483.59
2nd payment$0.00$687.33$0.00
Taxes / mo$228.08$228.08$228.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,564.23$4,251.56$6,086.73
Cash to close$179,643$87,999$87,999