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$590,545$590,545$877,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$286,955$0
Funding fee$2,953$2,953$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.084%7.640%
1st payment$3,889.99$3,889.99$6,075.63
2nd payment$0.00$1,853.25$0.00
Taxes / mo$450.83$450.83$450.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,557.49$6,410.74$6,918.63
Cash to close$384,455$97,500$97,500