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$333,858$333,858$620,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$286,242$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.494%7.640%
1st payment$1,555.20$1,555.20$4,293.45
2nd payment$0.00$1,848.65$0.00
Taxes / mo$96.00$96.00$96.00
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.11$3,937.76$4,680.13
Cash to close$355,142$68,900$68,900