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$383,900$383,900$409,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$25,600$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.238%7.640%
1st payment$2,539.59$2,539.59$2,835.30
2nd payment$0.00$192.00$0.00
Taxes / mo$221.33$221.33$221.33
Insurance / mo$166.67$166.67$166.67
MI / mo$182.82$182.82$81.90
HOA / mo$92.00$92.00$92.00
Total monthly$3,202.41$3,394.41$3,397.20
Cash to close$71,100$45,500$45,500