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$249,622$249,622$350,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$101,288$0
Funding fee$1,248$1,248$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.429%7.640%
1st payment$1,173.27$1,173.27$2,429.63
2nd payment$0.00$675.25$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$68.25$68.25$68.25
Total monthly$1,501.60$2,176.85$2,828.15
Cash to close$140,278$38,990$38,990