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$143,829$143,829$184,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$40,671$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.948%7.640%
1st payment$989.79$989.79$1,277.44
2nd payment$0.00$305.03$0.00
Taxes / mo$90.08$90.08$90.08
Insurance / mo$150.00$150.00$150.00
MI / mo$67.50$67.50$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,297.38$1,602.41$1,554.42
Cash to close$61,171$20,500$20,500