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$336,436$336,436$395,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$58,664$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.700%7.640%
1st payment$1,598.92$1,598.92$2,735.59
2nd payment$0.00$439.98$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$79.02
HOA / mo$80.00$80.00$80.00
Total monthly$2,292.90$2,732.88$3,243.36
Cash to close$102,564$43,900$43,900