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$37,433$37,433$187,200
Remaining term (yrs)9.59.530.0
Secondary amount$0$149,767$0
Funding fee$187$187$0
Note rate2.900%2.900%7.400%
Blended rate2.900%6.980%7.640%
1st payment$373.22$373.22$1,296.13
2nd payment$0.00$998.45$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.44
HOA / mo$300.00$300.00$300.00
Total monthly$890.80$1,889.25$1,851.16
Cash to close$170,567$20,800$20,800