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$14,863$14,863$297,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$282,137$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.737%7.640%
1st payment$103.69$103.69$2,056.37
2nd payment$0.00$1,822.14$0.00
Taxes / mo$191.00$191.00$191.00
Insurance / mo$150.00$150.00$150.00
MI / mo$6.94$6.94$59.40
HOA / mo$170.00$170.00$170.00
Total monthly$621.63$2,443.77$2,626.77
Cash to close$315,137$33,000$33,000