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$316,687$316,687$387,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$70,313$0
Funding fee$1,583$1,583$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.976%7.640%
1st payment$1,472.10$1,472.10$2,679.51
2nd payment$0.00$527.35$0.00
Taxes / mo$172.58$172.58$172.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$128.33$128.33$128.33
Total monthly$1,923.01$2,450.36$3,207.82
Cash to close$113,313$43,000$43,000