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$509,593$509,593$719,998
Remaining term (yrs)27.827.830.0
Secondary amount$0$210,405$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.573%7.640%
1st payment$3,449.83$3,449.83$4,985.12
2nd payment$0.00$1,358.86$0.00
Taxes / mo$400.83$400.83$400.83
Insurance / mo$216.67$216.67$216.67
MI / mo$238.87$238.87$144.00
HOA / mo$107.00$107.00$107.00
Total monthly$4,413.19$5,772.06$5,853.62
Cash to close$290,405$80,000$80,000