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$18,739$18,739$238,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$219,761$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.706%7.640%
1st payment$125.23$125.23$1,651.33
2nd payment$0.00$1,419.29$0.00
Taxes / mo$58.75$58.75$58.75
Insurance / mo$150.00$150.00$150.00
MI / mo$8.85$8.85$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$342.84$1,762.12$1,907.78
Cash to close$246,261$26,500$26,500