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$198,991$198,991$251,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$52,109$0
Funding fee$995$995$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.213%7.640%
1st payment$943.76$943.76$1,738.57
2nd payment$0.00$390.82$0.00
Taxes / mo$154.92$154.92$154.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.68$1,639.50$2,093.70
Cash to close$80,009$27,900$27,900