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$202,387$202,387$565,200
Remaining term (yrs)18.518.530.0
Secondary amount$0$362,813$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.565%7.640%
1st payment$1,245.02$1,245.02$3,913.33
2nd payment$0.00$2,343.17$0.00
Taxes / mo$194.17$194.17$194.17
Insurance / mo$166.67$166.67$166.67
MI / mo$194.21$194.21$113.04
HOA / mo$90.00$90.00$90.00
Total monthly$1,890.07$4,233.24$4,477.20
Cash to close$425,613$62,800$62,800