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$119,396$119,396$283,500
Remaining term (yrs)9.09.030.0
Secondary amount$0$164,104$0
Funding fee$0$0$0
Note rate2.460%2.460%7.400%
Blended rate3.310%6.025%7.640%
1st payment$1,223.43$1,223.43$1,962.90
2nd payment$0.00$1,094.03$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.33$130.33$56.70
HOA / mo$385.00$385.00$385.00
Total monthly$2,005.26$3,099.29$2,671.10
Cash to close$195,604$31,500$31,500