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$73,369$73,369$242,100
Remaining term (yrs)19.519.530.0
Secondary amount$0$168,731$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.957%7.640%
1st payment$438.43$438.43$1,676.25
2nd payment$0.00$1,124.87$0.00
Taxes / mo$69.17$69.17$69.17
Insurance / mo$150.00$150.00$150.00
MI / mo$67.39$67.39$48.42
HOA / mo$183.00$183.00$183.00
Total monthly$907.99$2,032.86$2,126.84
Cash to close$195,631$26,900$26,900