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$794,898$794,898$1,012,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$217,602$0
Funding fee$3,974$3,974$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.115%7.640%
1st payment$3,769.88$3,769.88$7,010.35
2nd payment$0.00$1,405.34$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$146.00$146.00$146.00
Total monthly$4,424.71$5,830.06$7,867.68
Cash to close$330,102$112,500$112,500