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$324,856$324,856$355,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$30,554$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.256%7.640%
1st payment$1,540.71$1,540.71$2,460.79
2nd payment$0.00$229.15$0.00
Taxes / mo$194.83$194.83$194.83
Insurance / mo$150.00$150.00$150.00
MI / mo$260.18$260.18$71.08
HOA / mo$131.00$131.00$131.00
Total monthly$2,276.73$2,505.88$3,007.70
Cash to close$70,044$39,490$39,490