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$510,883$510,883$508,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$25,867$0
Funding fee$2,554$2,554$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.569%7.640%
1st payment$3,192.95$3,192.95$3,520.75
2nd payment$0.00$255.97$0.00
Taxes / mo$13.50$13.50$13.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$112.00$112.00$112.00
Total monthly$3,485.12$3,741.09$3,914.62
Cash to close$54,117$28,250$56,500