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$162,244$162,244$305,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$143,756$0
Funding fee$811$811$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.280%7.640%
1st payment$774.52$774.52$2,118.68
2nd payment$0.00$958.37$0.00
Taxes / mo$65.92$65.92$65.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$33.00$33.00$33.00
Total monthly$1,023.44$1,981.81$2,428.79
Cash to close$177,755$34,000$34,000