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$42,074$42,074$373,410
Remaining term (yrs)17.317.330.0
Secondary amount$0$331,336$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%7.449%7.640%
1st payment$284.83$284.83$2,585.42
2nd payment$0.00$2,139.88$0.00
Taxes / mo$126.67$126.67$126.67
Insurance / mo$150.00$150.00$150.00
MI / mo$41.11$41.11$74.68
HOA / mo$90.00$90.00$90.00
Total monthly$692.60$2,832.48$3,026.76
Cash to close$372,826$41,490$41,490