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$256,813$256,813$311,400
Remaining term (yrs)24.624.630.0
Secondary amount$0$54,587$0
Funding fee$1,284$1,284$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.019%7.640%
1st payment$1,220.78$1,220.78$2,156.07
2nd payment$0.00$409.40$0.00
Taxes / mo$102.75$102.75$102.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.28
HOA / mo$88.00$88.00$88.00
Total monthly$1,561.53$1,970.93$2,559.10
Cash to close$89,187$34,600$34,600