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$184,251$184,251$558,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$373,749$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.598%7.640%
1st payment$1,204.51$1,204.51$3,863.48
2nd payment$0.00$2,413.80$0.00
Taxes / mo$123.00$123.00$123.00
Insurance / mo$166.67$166.67$166.67
MI / mo$192.15$192.15$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,686.33$4,100.12$4,264.75
Cash to close$435,749$62,000$62,000