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$84,185$84,185$315,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$230,815$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.962%7.640%
1st payment$601.26$601.26$2,181.00
2nd payment$0.00$1,490.68$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$969.84$2,460.52$2,522.83
Cash to close$265,815$35,000$35,000