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$309,196$309,196$359,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$50,714$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.247%7.640%
1st payment$1,975.22$1,975.22$2,491.94
2nd payment$0.00$380.35$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$150.00$150.00$150.00
MI / mo$230.63$230.63$71.98
HOA / mo$70.00$70.00$70.00
Total monthly$2,533.11$2,913.46$2,891.18
Cash to close$90,704$39,990$39,990