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$281,548$281,548$531,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$249,452$0
Funding fee$1,431$1,431$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.811%7.640%
1st payment$1,251.21$1,251.21$3,676.54
2nd payment$0.00$1,611.05$0.00
Taxes / mo$196.83$196.83$196.83
Insurance / mo$100.00$100.00$100.00
MI / mo$0.00$0.00$106.20
HOA / mo$102.00$102.00$102.00
Total monthly$1,650.05$3,261.09$4,181.57
Cash to close$308,452$59,000$59,000