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$161,409$161,409$206,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$45,591$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.000%7.640%
1st payment$788.55$788.55$1,433.22
2nd payment$0.00$341.93$0.00
Taxes / mo$37.92$37.92$37.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$41.40
HOA / mo$210.00$210.00$210.00
Total monthly$1,318.61$1,660.54$1,872.54
Cash to close$68,590$23,000$23,000