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$283,887$283,887$801,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$517,113$0
Funding fee$1,419$1,419$0
Note rate3.180%3.180%7.400%
Blended rate3.180%6.130%7.640%
1st payment$1,698.87$1,698.87$5,545.96
2nd payment$0.00$3,339.69$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.20
HOA / mo$20.83$20.83$20.83
Total monthly$2,154.45$5,494.14$6,161.74
Cash to close$606,113$89,000$89,000