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$276,147$276,147$310,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$34,353$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.295%7.640%
1st payment$1,280.76$1,280.76$2,149.84
2nd payment$0.00$257.65$0.00
Taxes / mo$67.25$67.25$67.25
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,717.09$1,974.74$2,429.19
Cash to close$68,853$34,500$34,500