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$272,345$272,345$292,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$36,405$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.840%7.640%
1st payment$1,290.01$1,290.01$2,025.21
2nd payment$0.00$360.26$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$150.00$150.00$150.00
MI / mo$215.35$215.35$58.50
HOA / mo$43.00$43.00$43.00
Total monthly$1,849.53$2,209.79$2,427.88
Cash to close$52,655$16,250$32,500