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 · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$136,016$136,016$386,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$250,084$0
Funding fee$0$0$0
Note rate2.200%2.200%7.400%
Blended rate3.050%6.094%7.640%
1st payment$715.36$715.36$2,673.28
2nd payment$0.00$1,615.13$0.00
Taxes / mo$126.08$126.08$126.08
Insurance / mo$150.00$150.00$150.00
MI / mo$116.85$116.85$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,108.29$2,723.41$3,026.58
Cash to close$292,984$42,900$42,900