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$16,417$16,417$449,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$432,683$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.711%7.640%
1st payment$104.85$104.85$3,109.48
2nd payment$0.00$2,794.41$0.00
Taxes / mo$275.50$275.50$275.50
Insurance / mo$166.67$166.67$166.67
MI / mo$7.72$7.72$89.82
HOA / mo$135.00$135.00$135.00
Total monthly$689.73$3,484.14$3,776.46
Cash to close$482,583$49,900$49,900