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$209,441$209,441$418,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$209,059$0
Funding fee$1,047$1,047$0
Note rate3.560%3.560%7.400%
Blended rate3.560%5.653%7.640%
1st payment$1,107.34$1,107.34$2,897.61
2nd payment$0.00$1,350.18$0.00
Taxes / mo$139.58$139.58$139.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$41.00$41.00$41.00
Total monthly$1,454.59$2,804.76$3,328.56
Cash to close$255,559$46,500$46,500