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$255,564$255,564$360,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$104,436$0
Funding fee$1,278$1,278$0
Note rate3.500%3.500%7.400%
Blended rate3.500%4.805%7.640%
1st payment$1,324.68$1,324.68$2,492.57
2nd payment$0.00$696.24$0.00
Taxes / mo$201.92$201.92$201.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,751.60$2,447.84$2,991.48
Cash to close$144,436$40,000$40,000