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$395,366$395,366$449,910
Remaining term (yrs)29.529.530.0
Secondary amount$0$54,544$0
Funding fee$1,977$1,977$0
Note rate6.110%6.110%7.400%
Blended rate6.110%6.460%7.640%
1st payment$2,410.32$2,410.32$3,115.09
2nd payment$0.00$409.08$0.00
Taxes / mo$211.83$211.83$211.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$118.00$118.00$118.00
Total monthly$2,906.82$3,315.90$3,701.57
Cash to close$104,534$49,990$49,990