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$361,422$361,422$449,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$88,488$0
Funding fee$1,807$1,807$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.992%7.640%
1st payment$2,795.90$2,795.90$3,115.09
2nd payment$0.00$663.66$0.00
Taxes / mo$171.50$171.50$171.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,134.07$3,797.73$3,543.23
Cash to close$138,478$49,990$49,990