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$503,530$503,530$801,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$297,470$0
Funding fee$2,518$2,518$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.348%7.640%
1st payment$3,047.48$3,047.48$5,545.96
2nd payment$0.00$1,921.16$0.00
Taxes / mo$314.08$314.08$314.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.20
HOA / mo$146.00$146.00$146.00
Total monthly$3,724.23$5,645.40$6,382.91
Cash to close$386,470$89,000$89,000