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$420,193$420,193$432,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$35,807$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.600%7.640%
1st payment$2,495.14$2,495.14$2,991.08
2nd payment$0.00$354.34$0.00
Taxes / mo$187.92$187.92$187.92
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$86.40
HOA / mo$132.00$132.00$132.00
Total monthly$3,300.00$3,654.34$3,564.06
Cash to close$59,807$24,000$48,000