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$248,408$248,408$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$36,592$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.654%7.640%
1st payment$1,160.95$1,160.95$1,869.43
2nd payment$0.00$362.11$0.00
Taxes / mo$126.92$126.92$126.92
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$54.00
HOA / mo$65.00$65.00$65.00
Total monthly$1,704.56$2,066.67$2,265.34
Cash to close$51,592$15,000$30,000