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$1,317,077$1,317,077$1,889,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$572,023$0
Funding fee$6,585$6,585$0
Note rate6.060%6.060%7.400%
Blended rate6.060%6.572%7.640%
1st payment$7,995.23$7,995.23$13,079.75
2nd payment$0.00$3,694.32$0.00
Taxes / mo$311.92$311.92$311.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$377.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,523.81$12,218.13$13,986.15
Cash to close$781,923$209,900$209,900