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$230,526$230,526$311,625
Remaining term (yrs)25.025.030.0
Secondary amount$0$81,099$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.072%7.640%
1st payment$1,071.64$1,071.64$2,157.63
2nd payment$0.00$608.24$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$62.32
HOA / mo$92.00$92.00$92.00
Total monthly$1,637.26$2,245.50$2,601.79
Cash to close$115,724$34,625$34,625