Phillips Property Group - The Brokery
Call Dylan

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$464,375$464,375$477,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,125$0
Funding fee$2,322$2,322$0
Note rate3.125%3.125%7.400%
Blended rate3.125%3.805%7.640%
1st payment$2,213.05$2,213.05$3,302.65
2nd payment$0.00$387.17$0.00
Taxes / mo$194.58$194.58$194.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$94.33$94.33$94.33
Total monthly$2,668.63$3,055.81$3,853.63
Cash to close$65,625$26,500$53,000