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$312,368$312,368$395,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$83,542$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.461%7.640%
1st payment$2,016.85$2,016.85$2,741.20
2nd payment$0.00$626.57$0.00
Taxes / mo$63.17$63.17$63.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.25$146.25$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,376.27$3,002.84$3,033.55
Cash to close$127,532$43,990$43,990