Phillips Property Group - The Brokery
Call Pedro

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$320,734$320,734$472,496
Remaining term (yrs)24.024.030.0
Secondary amount$0$151,762$0
Funding fee$1,604$1,604$0
Note rate2.890%2.890%7.400%
Blended rate2.890%4.531%7.640%
1st payment$1,538.07$1,538.07$3,271.46
2nd payment$0.00$1,011.74$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.15$2,885.90$3,702.05
Cash to close$204,261$52,500$52,500