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$248,798$248,798$332,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$83,302$0
Funding fee$1,244$1,244$0
Note rate2.790%2.790%7.400%
Blended rate2.790%4.348%7.640%
1st payment$1,169.12$1,169.12$2,299.39
2nd payment$0.00$624.76$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,462.79$2,087.55$2,659.48
Cash to close$120,202$36,900$36,900