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$262,131$262,131$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$120,369$0
Funding fee$1,311$1,311$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.732%7.640%
1st payment$1,672.57$1,672.57$2,648.35
2nd payment$0.00$802.46$0.00
Taxes / mo$182.67$182.67$182.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,005.24$2,807.70$3,057.52
Cash to close$162,869$42,500$42,500