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$221,856$221,856$711,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$489,144$0
Funding fee$1,109$1,109$0
Note rate2.980%2.980%7.400%
Blended rate2.980%6.262%7.640%
1st payment$1,079.28$1,079.28$4,922.82
2nd payment$0.00$3,159.06$0.00
Taxes / mo$270.58$270.58$270.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.20
HOA / mo$150.00$150.00$150.00
Total monthly$1,716.53$4,875.59$5,702.27
Cash to close$568,144$79,000$79,000