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$264,257$264,257$391,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$127,243$0
Funding fee$1,321$1,321$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.510%7.640%
1st payment$1,256.10$1,256.10$2,710.67
2nd payment$0.00$848.29$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$105.00$105.00$105.00
Total monthly$1,668.27$2,516.56$3,201.14
Cash to close$170,743$43,500$43,500