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$220,678$220,678$315,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$94,322$0
Funding fee$1,103$1,103$0
Note rate3.510%3.510%7.400%
Blended rate3.510%5.154%7.640%
1st payment$1,132.32$1,132.32$2,181.00
2nd payment$0.00$707.42$0.00
Taxes / mo$99.58$99.58$99.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$62.00$62.00$62.00
Total monthly$1,443.90$2,151.32$2,555.58
Cash to close$129,322$35,000$35,000