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$93,333$93,333$323,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$230,577$0
Funding fee$467$467$0
Note rate3.780%3.780%7.400%
Blended rate3.780%6.606%7.640%
1st payment$535.78$535.78$2,242.69
2nd payment$0.00$1,489.14$0.00
Taxes / mo$115.67$115.67$115.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$51.00$51.00$51.00
Total monthly$852.45$2,341.59$2,624.14
Cash to close$266,567$35,990$35,990