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$360,077$360,077$396,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$35,923$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.227%7.640%
1st payment$2,327.32$2,327.32$2,741.82
2nd payment$0.00$269.42$0.00
Taxes / mo$63.00$63.00$63.00
Insurance / mo$150.00$150.00$150.00
MI / mo$168.76$168.76$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,709.08$2,978.50$3,034.02
Cash to close$79,923$44,000$44,000