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$65,339$65,339$351,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$285,661$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%7.125%7.640%
1st payment$429.81$429.81$2,430.25
2nd payment$0.00$1,844.89$0.00
Taxes / mo$80.00$80.00$80.00
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$727.28$2,572.17$2,730.45
Cash to close$324,661$39,000$39,000