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$230,526$230,526$302,625
Remaining term (yrs)24.924.930.0
Secondary amount$0$72,099$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.955%7.640%
1st payment$1,071.64$1,071.64$2,095.31
2nd payment$0.00$540.74$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$60.53
HOA / mo$92.00$92.00$92.00
Total monthly$1,637.26$2,178.00$2,537.67
Cash to close$105,724$33,625$33,625