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$603,111$603,111$800,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$196,989$0
Funding fee$3,016$3,016$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.156%7.640%
1st payment$4,059.26$4,059.26$5,539.73
2nd payment$0.00$1,313.26$0.00
Taxes / mo$208.75$208.75$208.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,484.67$5,797.93$6,125.17
Cash to close$285,889$88,900$88,900