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$272,384$272,384$355,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$83,026$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.854%7.640%
1st payment$1,273.00$1,273.00$2,460.79
2nd payment$0.00$622.70$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$150.00$150.00$150.00
MI / mo$221.16$221.16$71.08
HOA / mo$110.00$110.00$110.00
Total monthly$1,959.16$2,581.86$2,996.87
Cash to close$122,516$39,490$39,490