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$25,802$25,802$373,500
Remaining term (yrs)2.82.830.0
Secondary amount$0$347,698$0
Funding fee$0$0$0
Note rate6.450%6.450%7.400%
Blended rate7.300%7.719%7.640%
1st payment$810.70$810.70$2,586.04
2nd payment$0.00$2,245.55$0.00
Taxes / mo$171.67$171.67$171.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.33$91.33$74.70
HOA / mo$128.00$128.00$128.00
Total monthly$1,351.70$3,597.24$3,110.41
Cash to close$389,198$41,500$41,500