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$315,526$315,526$359,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$43,574$0
Funding fee$1,578$1,578$0
Note rate2.660%2.660%7.400%
Blended rate2.660%3.429%7.640%
1st payment$1,465.33$1,465.33$2,486.34
2nd payment$0.00$326.80$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$105.00$105.00$105.00
Total monthly$1,830.42$2,157.22$2,923.24
Cash to close$83,474$39,900$39,900