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$502,539$502,539$571,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$68,961$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.285%7.640%
1st payment$3,241.37$3,241.37$3,956.95
2nd payment$0.00$517.21$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$166.67$166.67$166.67
MI / mo$235.04$235.04$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,751.00$4,268.21$4,345.83
Cash to close$132,461$63,500$63,500