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$395,579$395,579$404,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$30,971$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%6.241%7.640%
1st payment$2,199.71$2,199.71$2,797.91
2nd payment$0.00$306.48$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$150.00$150.00$150.00
MI / mo$182.58$182.58$80.82
HOA / mo$124.00$124.00$124.00
Total monthly$2,911.12$3,217.60$3,407.56
Cash to close$53,421$22,450$44,900