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$429,168$429,168$540,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$110,832$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.499%7.640%
1st payment$2,886.41$2,886.41$3,738.85
2nd payment$0.00$738.88$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$108.00
HOA / mo$300.00$300.00$300.00
Total monthly$3,770.01$4,508.89$4,527.93
Cash to close$170,832$60,000$60,000