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$297,440$297,440$495,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$197,560$0
Funding fee$1,487$1,487$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.911%7.640%
1st payment$1,385.77$1,385.77$3,427.28
2nd payment$0.00$1,317.06$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,629.77$2,946.84$3,770.28
Cash to close$252,560$55,000$55,000