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$133,642$133,642$378,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$244,358$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.619%7.640%
1st payment$827.06$827.06$2,617.20
2nd payment$0.00$1,578.14$0.00
Taxes / mo$195.00$195.00$195.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$75.60
HOA / mo$38.00$38.00$38.00
Total monthly$1,337.34$2,915.48$3,075.80
Cash to close$286,358$42,000$42,000