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$513,136$513,136$1,125,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$611,864$0
Funding fee$2,566$2,566$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.479%7.640%
1st payment$2,406.02$2,406.02$7,789.27
2nd payment$0.00$3,951.62$0.00
Taxes / mo$261.42$261.42$261.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$42.00$42.00$42.00
Total monthly$2,926.10$6,877.73$8,534.36
Cash to close$736,864$125,000$125,000