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$577,427$577,427$846,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$268,573$0
Funding fee$2,887$2,887$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.351%7.640%
1st payment$2,707.48$2,707.48$5,857.53
2nd payment$0.00$1,734.53$0.00
Taxes / mo$229.58$229.58$229.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$169.20
HOA / mo$76.67$76.67$76.67
Total monthly$3,230.40$4,964.93$6,549.65
Cash to close$362,573$94,000$94,000