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$432,140$432,140$585,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$152,860$0
Funding fee$2,161$2,161$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.063%7.640%
1st payment$2,009.09$2,009.09$4,050.42
2nd payment$0.00$1,019.06$0.00
Taxes / mo$122.00$122.00$122.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,297.76$3,316.82$4,456.09
Cash to close$217,860$65,000$65,000