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$85,774$85,774$342,000
Remaining term (yrs)13.013.030.0
Secondary amount$0$256,226$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.273%7.640%
1st payment$742.13$742.13$2,367.94
2nd payment$0.00$1,654.79$0.00
Taxes / mo$154.17$154.17$154.17
Insurance / mo$150.00$150.00$150.00
MI / mo$97.92$97.92$68.40
HOA / mo$81.00$81.00$81.00
Total monthly$1,225.22$2,880.01$2,821.51
Cash to close$294,226$38,000$38,000