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$248,572$248,572$292,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$43,928$0
Funding fee$1,243$1,243$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.867%7.640%
1st payment$1,203.82$1,203.82$2,025.21
2nd payment$0.00$329.46$0.00
Taxes / mo$137.58$137.58$137.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$310.00$310.00$310.00
Total monthly$1,801.40$2,130.86$2,681.29
Cash to close$76,428$32,500$32,500