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$409,175$409,175$463,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$54,325$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.711%7.640%
1st payment$2,786.20$2,786.20$3,209.18
2nd payment$0.00$407.44$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$166.67$166.67$166.67
MI / mo$192.14$192.14$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,300.84$3,708.28$3,624.38
Cash to close$105,825$51,500$51,500