Phillips Property Group - The Brokery
Contact

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$304,909$304,909$372,600
Remaining term (yrs)27.127.130.0
Secondary amount$0$67,691$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.321%7.640%
1st payment$2,215.81$2,215.81$2,579.81
2nd payment$0.00$507.68$0.00
Taxes / mo$178.08$178.08$178.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.56$143.56$74.52
HOA / mo$150.00$150.00$150.00
Total monthly$2,837.45$3,345.13$3,132.41
Cash to close$109,091$41,400$41,400