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$31,119$31,119$297,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$265,881$0
Funding fee$0$0$0
Note rate7.150%7.150%7.400%
Blended rate8.000%7.776%7.640%
1st payment$601.81$601.81$2,056.37
2nd payment$0.00$1,717.15$0.00
Taxes / mo$57.42$57.42$57.42
Insurance / mo$150.00$150.00$150.00
MI / mo$63.11$63.11$59.40
HOA / mo$247.00$247.00$247.00
Total monthly$1,119.34$2,836.48$2,570.18
Cash to close$298,881$33,000$33,000