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$232,530$232,530$292,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$59,970$0
Funding fee$1,174$1,174$0
Note rate2.249%2.249%7.400%
Blended rate2.249%3.622%7.640%
1st payment$1,047.84$1,047.84$2,025.21
2nd payment$0.00$449.78$0.00
Taxes / mo$168.50$168.50$168.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$60.67$60.67$60.67
Total monthly$1,427.01$1,876.79$2,462.88
Cash to close$92,470$32,500$32,500