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$268,653$268,653$359,991
Remaining term (yrs)25.125.130.0
Secondary amount$0$91,338$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.194%7.640%
1st payment$1,272.53$1,272.53$2,492.50
2nd payment$0.00$685.03$0.00
Taxes / mo$109.75$109.75$109.75
Insurance / mo$150.00$150.00$150.00
MI / mo$212.43$212.43$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,744.71$2,429.74$2,824.25
Cash to close$131,337$39,999$39,999