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$142,154$142,154$346,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$204,346$0
Funding fee$711$711$0
Note rate2.670%2.670%7.400%
Blended rate2.670%5.666%7.640%
1st payment$660.90$660.90$2,399.10
2nd payment$0.00$1,319.73$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$65.33$65.33$65.33
Total monthly$1,011.14$2,330.88$2,818.64
Cash to close$242,846$38,500$38,500