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$361,155$361,155$409,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$48,255$0
Funding fee$1,806$1,806$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.192%7.640%
1st payment$1,792.00$1,792.00$2,834.67
2nd payment$0.00$361.92$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.88
HOA / mo$100.00$100.00$100.00
Total monthly$2,216.34$2,578.25$3,340.89
Cash to close$93,745$45,490$45,490