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$80,937$80,937$256,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$175,563$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%7.057%7.640%
1st payment$630.89$630.89$1,775.95
2nd payment$0.00$1,170.42$0.00
Taxes / mo$81.92$81.92$81.92
Insurance / mo$150.00$150.00$150.00
MI / mo$91.82$91.82$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$954.63$2,125.05$2,059.17
Cash to close$204,063$28,500$28,500