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$209,896$209,896$566,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$356,204$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.560%7.640%
1st payment$1,121.71$1,121.71$3,919.56
2nd payment$0.00$2,300.48$0.00
Taxes / mo$167.75$167.75$167.75
Insurance / mo$166.67$166.67$166.67
MI / mo$172.83$172.83$113.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,628.96$3,929.44$4,367.20
Cash to close$419,104$62,900$62,900