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$195,284$195,284$350,999
Remaining term (yrs)21.721.730.0
Secondary amount$0$155,715$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%6.576%7.640%
1st payment$1,181.51$1,181.51$2,430.25
2nd payment$0.00$1,038.10$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$70.20
HOA / mo$76.00$76.00$76.00
Total monthly$1,699.79$2,737.89$2,855.28
Cash to close$194,715$39,000$39,000