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$194,284$194,284$431,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$236,816$0
Funding fee$971$971$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.519%7.640%
1st payment$922.73$922.73$2,984.85
2nd payment$0.00$1,529.44$0.00
Taxes / mo$123.67$123.67$123.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.06$2,742.50$3,361.40
Cash to close$284,716$47,900$47,900