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$229,239$229,239$356,399
Remaining term (yrs)23.323.330.0
Secondary amount$0$127,160$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.794%7.640%
1st payment$1,223.25$1,223.25$2,467.64
2nd payment$0.00$847.73$0.00
Taxes / mo$207.58$207.58$207.58
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$71.28
HOA / mo$128.00$128.00$128.00
Total monthly$1,896.62$2,744.35$3,024.50
Cash to close$166,760$39,600$39,600