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$227,732$227,732$319,499
Remaining term (yrs)27.527.530.0
Secondary amount$0$91,767$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.810%7.640%
1st payment$1,522.55$1,522.55$2,212.15
2nd payment$0.00$688.25$0.00
Taxes / mo$94.17$94.17$94.17
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,873.98$2,562.23$2,520.21
Cash to close$127,267$35,500$35,500