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$14,882$14,882$450,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$435,118$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%7.758%7.640%
1st payment$107.51$107.51$3,115.71
2nd payment$0.00$2,810.14$0.00
Taxes / mo$128.25$128.25$128.25
Insurance / mo$166.67$166.67$166.67
MI / mo$7.02$7.02$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$409.45$3,219.59$3,500.63
Cash to close$485,118$50,000$50,000