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$197,470$197,470$377,100
Remaining term (yrs)18.618.630.0
Secondary amount$0$179,630$0
Funding fee$987$987$0
Note rate3.670%3.670%7.400%
Blended rate3.670%5.733%7.640%
1st payment$1,215.26$1,215.26$2,610.96
2nd payment$0.00$1,197.54$0.00
Taxes / mo$257.25$257.25$257.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$758.00$758.00$758.00
Total monthly$2,380.51$3,578.04$3,851.63
Cash to close$221,530$41,900$41,900