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$291,884$291,884$434,700
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,816$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%5.153%7.640%
1st payment$1,406.07$1,406.07$3,009.77
2nd payment$0.00$952.11$0.00
Taxes / mo$234.08$234.08$234.08
Insurance / mo$166.67$166.67$166.67
MI / mo$238.97$238.97$86.94
HOA / mo$42.33$42.33$42.33
Total monthly$2,088.12$3,040.23$3,539.79
Cash to close$191,116$48,300$48,300