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$265,035$265,035$295,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$30,165$0
Funding fee$0$0$0
Note rate2.875%2.875%7.400%
Blended rate3.725%4.264%7.640%
1st payment$1,242.50$1,242.50$2,043.91
2nd payment$0.00$226.23$0.00
Taxes / mo$71.58$71.58$71.58
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$59.04
HOA / mo$90.00$90.00$90.00
Total monthly$1,766.21$1,992.45$2,414.53
Cash to close$62,965$32,800$32,800