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$238,914$238,914$357,300
Remaining term (yrs)23.623.630.0
Secondary amount$0$118,386$0
Funding fee$1,195$1,195$0
Note rate3.260%3.260%7.400%
Blended rate3.260%4.831%7.640%
1st payment$1,205.37$1,205.37$2,473.87
2nd payment$0.00$789.24$0.00
Taxes / mo$89.58$89.58$89.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.46
HOA / mo$195.00$195.00$195.00
Total monthly$1,639.95$2,429.19$2,979.92
Cash to close$158,086$39,700$39,700