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$111,263$111,263$148,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$37,147$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%4.914%7.640%
1st payment$517.73$517.73$1,027.56
2nd payment$0.00$278.61$0.00
Taxes / mo$50.25$50.25$50.25
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$29.68
HOA / mo$0.00$0.00$0.00
Total monthly$808.39$1,087.00$1,257.49
Cash to close$53,637$16,490$16,490