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$109,543$109,543$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$182,957$0
Funding fee$548$548$0
Note rate3.100%3.100%7.400%
Blended rate3.100%6.165%7.640%
1st payment$529.88$529.88$2,025.21
2nd payment$0.00$1,219.71$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$47.33$47.33$47.33
Total monthly$841.21$2,060.93$2,395.04
Cash to close$215,457$32,500$32,500