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$402,900$402,900$409,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$29,350$0
Funding fee$2,015$2,015$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.256%7.640%
1st payment$2,719.61$2,719.61$2,835.30
2nd payment$0.00$290.44$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$50.00$50.00$50.00
Total monthly$3,038.11$3,328.55$3,235.70
Cash to close$52,100$22,750$45,500