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$40,024$40,024$457,110
Remaining term (yrs)4.44.430.0
Secondary amount$0$417,086$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.970%7.769%7.640%
1st payment$855.03$855.03$3,164.94
2nd payment$0.00$2,693.68$0.00
Taxes / mo$78.67$78.67$78.67
Insurance / mo$166.67$166.67$166.67
MI / mo$89.94$89.94$91.42
HOA / mo$96.00$96.00$96.00
Total monthly$1,286.31$3,979.99$3,597.69
Cash to close$467,876$50,790$50,790