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$273,517$273,517$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$131,483$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.191%7.640%
1st payment$1,332.01$1,332.01$2,804.14
2nd payment$0.00$876.56$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$224.08$224.08$81.00
HOA / mo$260.00$260.00$260.00
Total monthly$2,108.59$2,985.14$3,437.64
Cash to close$176,483$45,000$45,000