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$11,201$11,201$301,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$290,299$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.080%7.725%7.640%
1st payment$77.22$77.22$2,087.53
2nd payment$0.00$1,874.85$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$5.14$5.14$60.30
HOA / mo$60.00$60.00$60.00
Total monthly$371.44$2,246.29$2,436.91
Cash to close$323,799$33,500$33,500