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$485,238$485,238$494,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,312$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.218%7.640%
1st payment$3,136.57$3,136.57$3,421.05
2nd payment$0.00$359.34$0.00
Taxes / mo$174.08$174.08$174.08
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$98.82
HOA / mo$124.00$124.00$124.00
Total monthly$3,833.08$4,192.42$3,984.62
Cash to close$63,762$27,450$54,900