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$222,075$222,075$305,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$83,835$0
Funding fee$1,110$1,110$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.528%7.640%
1st payment$1,032.36$1,032.36$2,118.06
2nd payment$0.00$628.76$0.00
Taxes / mo$170.92$170.92$170.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,353.27$1,982.03$2,500.16
Cash to close$117,825$33,990$33,990