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$372,622$372,622$494,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$121,478$0
Funding fee$1,863$1,863$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.252%7.640%
1st payment$1,809.57$1,809.57$3,421.05
2nd payment$0.00$809.86$0.00
Taxes / mo$223.00$223.00$223.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$175.00$175.00$175.00
Total monthly$2,374.23$3,184.09$4,084.54
Cash to close$176,378$54,900$54,900