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$286,192$286,192$562,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$276,308$0
Funding fee$1,431$1,431$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.715%7.640%
1st payment$1,549.12$1,549.12$3,894.64
2nd payment$0.00$1,784.49$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$124.33$124.33$124.33
Total monthly$1,997.28$3,781.78$4,455.30
Cash to close$338,808$62,500$62,500