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$180,008$180,008$382,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$202,492$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.421%7.640%
1st payment$1,140.88$1,140.88$2,648.35
2nd payment$0.00$1,307.76$0.00
Taxes / mo$43.75$43.75$43.75
Insurance / mo$150.00$150.00$150.00
MI / mo$82.73$82.73$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,417.36$2,725.12$2,918.60
Cash to close$244,992$42,500$42,500