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$12,559$12,559$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$369,941$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.736%7.640%
1st payment$86.93$86.93$2,648.35
2nd payment$0.00$2,389.20$0.00
Taxes / mo$120.08$120.08$120.08
Insurance / mo$150.00$150.00$150.00
MI / mo$5.84$5.84$76.50
HOA / mo$60.67$60.67$60.67
Total monthly$423.52$2,812.73$3,055.61
Cash to close$412,441$42,500$42,500