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$288,507$288,507$373,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$84,993$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.679%7.640%
1st payment$1,478.74$1,478.74$2,586.04
2nd payment$0.00$637.45$0.00
Taxes / mo$186.75$186.75$186.75
Insurance / mo$150.00$150.00$150.00
MI / mo$223.43$223.43$74.70
HOA / mo$56.00$56.00$56.00
Total monthly$2,094.91$2,732.37$3,053.49
Cash to close$126,493$41,500$41,500