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$169,478$169,478$450,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$280,522$0
Funding fee$847$847$0
Note rate2.840%2.840%7.400%
Blended rate2.840%5.901%7.640%
1st payment$804.53$804.53$3,115.71
2nd payment$0.00$1,811.71$0.00
Taxes / mo$190.00$190.00$190.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$67.00$67.00$67.00
Total monthly$1,228.20$3,039.90$3,629.38
Cash to close$330,522$50,000$50,000