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$333,141$333,141$382,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$49,359$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.694%7.640%
1st payment$2,255.28$2,255.28$2,648.35
2nd payment$0.00$370.20$0.00
Taxes / mo$86.33$86.33$86.33
Insurance / mo$150.00$150.00$150.00
MI / mo$156.16$156.16$76.50
HOA / mo$75.00$75.00$75.00
Total monthly$2,722.77$3,092.97$3,036.19
Cash to close$91,859$42,500$42,500