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$242,727$242,727$342,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$99,273$0
Funding fee$1,214$1,214$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.820%7.640%
1st payment$1,154.84$1,154.84$2,367.94
2nd payment$0.00$744.55$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$66.00$66.00$66.00
Total monthly$1,477.17$2,221.72$2,758.67
Cash to close$137,273$38,000$38,000