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$167,155$167,155$252,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$84,845$0
Funding fee$0$0$0
Note rate5.270%5.270%7.400%
Blended rate6.120%7.090%7.640%
1st payment$991.11$991.11$1,744.80
2nd payment$0.00$636.34$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$50.40
HOA / mo$253.00$253.00$253.00
Total monthly$1,563.70$2,200.05$2,240.95
Cash to close$112,845$28,000$28,000