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$230,568$230,568$283,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$52,932$0
Funding fee$1,153$1,153$0
Note rate2.780%2.780%7.400%
Blended rate2.780%3.941%7.640%
1st payment$1,090.07$1,090.07$1,962.90
2nd payment$0.00$396.99$0.00
Taxes / mo$62.25$62.25$62.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.32$1,699.31$2,231.85
Cash to close$84,432$31,500$31,500