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$255,043$255,043$427,491
Remaining term (yrs)24.624.630.0
Secondary amount$0$172,448$0
Funding fee$1,275$1,275$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.005%7.640%
1st payment$1,215.01$1,215.01$2,959.86
2nd payment$0.00$1,149.66$0.00
Taxes / mo$194.42$194.42$194.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,681.09$2,830.74$3,511.44
Cash to close$219,947$47,499$47,499