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$190,252$190,252$1,170,000
Remaining term (yrs)7.07.030.0
Secondary amount$0$979,748$0
Funding fee$951$951$0
Note rate4.080%4.080%7.400%
Blended rate4.080%7.153%7.640%
1st payment$2,581.02$2,581.02$8,100.84
2nd payment$0.00$6,327.54$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,967.11$9,294.64$8,720.93
Cash to close$1,109,748$130,000$130,000