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$613,665$613,665$629,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$50,385$0
Funding fee$3,068$3,068$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.908%7.640%
1st payment$3,918.82$3,918.82$4,355.76
2nd payment$0.00$498.60$0.00
Taxes / mo$296.67$296.67$296.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$201.00$201.00$201.00
Total monthly$4,583.16$5,081.76$5,145.91
Cash to close$85,335$34,950$69,900