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$309,237$309,237$373,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$64,263$0
Funding fee$1,546$1,546$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.049%7.640%
1st payment$1,510.76$1,510.76$2,586.04
2nd payment$0.00$481.97$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,781.42$2,263.39$2,931.41
Cash to close$105,763$41,500$41,500