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$19,444$19,444$288,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$268,556$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%7.544%7.640%
1st payment$111.76$111.76$1,994.05
2nd payment$0.00$1,734.42$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$150.00$150.00$150.00
MI / mo$16.89$16.89$57.60
HOA / mo$67.00$67.00$67.00
Total monthly$536.40$2,270.83$2,459.40
Cash to close$300,556$32,000$32,000