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$607,670$607,670$1,147,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$539,830$0
Funding fee$3,038$3,038$0
Note rate3.510%3.510%7.400%
Blended rate3.510%5.505%7.640%
1st payment$3,167.36$3,167.36$7,945.06
2nd payment$0.00$3,486.40$0.00
Taxes / mo$516.75$516.75$516.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$190.00$190.00$190.00
Total monthly$4,090.78$7,577.19$9,097.97
Cash to close$667,330$127,500$127,500