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$110,443$110,443$584,999
Remaining term (yrs)14.514.530.0
Secondary amount$0$474,556$0
Funding fee$0$0$0
Note rate4.950%4.950%7.400%
Blended rate5.800%7.382%7.640%
1st payment$883.86$883.86$4,050.42
2nd payment$0.00$3,064.84$0.00
Taxes / mo$238.17$238.17$238.17
Insurance / mo$166.67$166.67$166.67
MI / mo$117.29$117.29$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,405.99$4,470.83$4,572.25
Cash to close$539,556$65,000$65,000