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$60,163$60,163$166,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$106,337$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.743%7.640%
1st payment$373.73$373.73$1,152.81
2nd payment$0.00$708.92$0.00
Taxes / mo$92.00$92.00$92.00
Insurance / mo$150.00$150.00$150.00
MI / mo$57.73$57.73$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$673.46$1,382.37$1,428.11
Cash to close$124,837$18,500$18,500