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$910,015$910,015$1,215,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$304,985$0
Funding fee$4,550$4,550$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.979%7.640%
1st payment$5,947.96$5,947.96$8,412.41
2nd payment$0.00$1,969.69$0.00
Taxes / mo$358.92$358.92$358.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$18.75$18.75$18.75
Total monthly$6,542.29$8,511.99$9,249.75
Cash to close$439,985$135,000$135,000