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$368,881$368,881$373,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$25,369$0
Funding fee$1,844$1,844$0
Note rate3.450%3.450%7.400%
Blended rate3.450%3.992%7.640%
1st payment$1,806.80$1,806.80$2,586.04
2nd payment$0.00$251.05$0.00
Taxes / mo$142.00$142.00$142.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$234.00$234.00$234.00
Total monthly$2,332.80$2,583.85$3,186.74
Cash to close$46,119$20,750$41,500