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$215,307$215,307$323,100
Remaining term (yrs)29.829.830.0
Secondary amount$0$107,793$0
Funding fee$1,077$1,077$0
Note rate6.470%6.470%7.400%
Blended rate6.470%6.980%7.640%
1st payment$1,357.88$1,357.88$2,237.08
2nd payment$0.00$718.62$0.00
Taxes / mo$72.50$72.50$72.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.38$2,299.00$2,524.20
Cash to close$143,693$35,900$35,900