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$279,482$279,482$441,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$161,518$0
Funding fee$1,397$1,397$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.743%7.640%
1st payment$1,339.16$1,339.16$3,053.39
2nd payment$0.00$1,076.78$0.00
Taxes / mo$112.33$112.33$112.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,618.16$2,694.94$3,420.59
Cash to close$210,518$49,000$49,000