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$84,705$84,705$180,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$95,295$0
Funding fee$424$424$0
Note rate3.100%3.100%7.400%
Blended rate3.100%6.224%7.640%
1st payment$401.69$401.69$1,246.28
2nd payment$0.00$714.71$0.00
Taxes / mo$29.75$29.75$29.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$42.50$42.50$42.50
Total monthly$623.94$1,338.66$1,504.53
Cash to close$115,295$20,000$20,000