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$585,534$585,534$719,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$133,566$0
Funding fee$2,928$2,928$0
Note rate2.760%2.760%7.400%
Blended rate2.760%3.733%7.640%
1st payment$2,697.89$2,697.89$4,978.90
2nd payment$0.00$890.44$0.00
Taxes / mo$275.33$275.33$275.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$14.58$14.58$14.58
Total monthly$3,204.47$4,094.91$5,629.30
Cash to close$213,466$79,900$79,900