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$175,980$175,980$373,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$197,520$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.983%7.640%
1st payment$822.67$822.67$2,586.04
2nd payment$0.00$1,316.80$0.00
Taxes / mo$218.50$218.50$218.50
Insurance / mo$150.00$150.00$150.00
MI / mo$140.54$140.54$74.70
HOA / mo$225.00$225.00$225.00
Total monthly$1,556.71$2,873.51$3,254.24
Cash to close$239,020$41,500$41,500