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$98,704$98,704$215,100
Remaining term (yrs)29.829.830.0
Secondary amount$0$116,396$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.080%7.578%7.640%
1st payment$626.39$626.39$1,489.31
2nd payment$0.00$775.97$0.00
Taxes / mo$33.42$33.42$33.42
Insurance / mo$150.00$150.00$150.00
MI / mo$45.28$45.28$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$855.09$1,631.06$1,715.75
Cash to close$140,296$23,900$23,900