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$222,471$222,471$445,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$223,029$0
Funding fee$1,112$1,112$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.328%7.640%
1st payment$1,043.45$1,043.45$3,084.55
2nd payment$0.00$1,440.40$0.00
Taxes / mo$188.58$188.58$188.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$265.00$265.00$265.00
Total monthly$1,663.70$3,104.09$3,793.90
Cash to close$272,529$49,500$49,500