Phillips Property Group - The Brokery
Contact

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$208,132$208,132$297,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$88,868$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.405%7.640%
1st payment$1,016.82$1,016.82$2,056.37
2nd payment$0.00$666.51$0.00
Taxes / mo$98.83$98.83$98.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.05$2,102.55$2,364.60
Cash to close$121,868$33,000$33,000