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$236,819$236,819$261,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$38,681$0
Funding fee$1,184$1,184$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.134%7.640%
1st payment$1,104.56$1,104.56$1,807.11
2nd payment$0.00$382.78$0.00
Taxes / mo$109.25$109.25$109.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$410.00$410.00$410.00
Total monthly$1,773.81$2,156.59$2,528.56
Cash to close$53,181$14,500$29,000