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$207,720$207,720$310,410
Remaining term (yrs)28.528.530.0
Secondary amount$0$102,690$0
Funding fee$1,039$1,039$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.083%7.640%
1st payment$1,351.92$1,351.92$2,149.22
2nd payment$0.00$684.60$0.00
Taxes / mo$130.33$130.33$130.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.08
HOA / mo$113.00$113.00$113.00
Total monthly$1,745.25$2,429.85$2,604.63
Cash to close$137,180$34,490$34,490