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$308,629$308,629$359,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$51,281$0
Funding fee$1,543$1,543$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.685%7.640%
1st payment$1,926.97$1,926.97$2,491.94
2nd payment$0.00$384.61$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,199.81$2,584.41$2,836.76
Cash to close$91,271$39,990$39,990