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$18,739$18,739$242,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$223,361$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.707%7.640%
1st payment$125.23$125.23$1,676.25
2nd payment$0.00$1,442.54$0.00
Taxes / mo$58.75$58.75$58.75
Insurance / mo$150.00$150.00$150.00
MI / mo$8.85$8.85$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$342.84$1,785.37$1,933.42
Cash to close$250,261$26,900$26,900