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$425,268$425,268$432,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$30,732$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.618%7.640%
1st payment$2,798.63$2,798.63$2,991.08
2nd payment$0.00$304.12$0.00
Taxes / mo$115.67$115.67$115.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.56$197.56$86.40
HOA / mo$95.00$95.00$95.00
Total monthly$3,373.53$3,677.66$3,454.81
Cash to close$54,732$24,000$48,000