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$2,230,566$2,230,566$2,250,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$144,434$0
Funding fee$11,153$11,153$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.639%7.640%
1st payment$13,926.89$13,926.89$15,578.55
2nd payment$0.00$1,429.30$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$450.00
HOA / mo$0.00$0.00$0.00
Total monthly$14,240.22$15,669.52$16,341.88
Cash to close$269,434$125,000$250,000