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$514,283$514,283$539,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$25,627$0
Funding fee$2,571$2,571$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.276%7.640%
1st payment$2,985.16$2,985.16$3,738.23
2nd payment$0.00$192.20$0.00
Taxes / mo$198.08$198.08$198.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,349.91$3,542.10$4,210.96
Cash to close$85,617$59,990$59,990