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$193,539$193,539$261,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$67,461$0
Funding fee$968$968$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.343%7.640%
1st payment$906.90$906.90$1,807.11
2nd payment$0.00$505.96$0.00
Taxes / mo$87.83$87.83$87.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$385.00$385.00$385.00
Total monthly$1,529.73$2,035.68$2,482.14
Cash to close$96,461$29,000$29,000