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$308,701$308,701$341,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$33,298$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.366%7.640%
1st payment$2,035.88$2,035.88$2,367.93
2nd payment$0.00$249.73$0.00
Taxes / mo$111.58$111.58$111.58
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$68.40
HOA / mo$73.00$73.00$73.00
Total monthly$2,515.97$2,765.70$2,770.92
Cash to close$71,298$38,000$38,000