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$263,208$263,208$395,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$132,702$0
Funding fee$1,316$1,316$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.696%7.640%
1st payment$1,293.37$1,293.37$2,741.20
2nd payment$0.00$884.68$0.00
Taxes / mo$150.67$150.67$150.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.18
HOA / mo$91.67$91.67$91.67
Total monthly$1,685.71$2,570.39$3,212.72
Cash to close$176,692$43,990$43,990