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$461,571$461,571$706,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$244,929$0
Funding fee$2,308$2,308$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.614%7.640%
1st payment$2,186.72$2,186.72$4,891.66
2nd payment$0.00$1,581.84$0.00
Taxes / mo$252.75$252.75$252.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,656.14$4,237.97$5,502.38
Cash to close$323,429$78,500$78,500