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$317,853$317,853$337,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$38,302$0
Funding fee$1,589$1,589$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.355%7.640%
1st payment$2,147.03$2,147.03$2,336.16
2nd payment$0.00$379.03$0.00
Taxes / mo$105.83$105.83$105.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,402.86$2,781.89$2,659.47
Cash to close$57,047$18,745$37,490