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$195,515$195,515$441,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$245,485$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.251%7.640%
1st payment$1,126.26$1,126.26$3,053.39
2nd payment$0.00$1,585.42$0.00
Taxes / mo$164.17$164.17$164.17
Insurance / mo$166.67$166.67$166.67
MI / mo$177.22$177.22$88.20
HOA / mo$124.00$124.00$124.00
Total monthly$1,758.31$3,343.73$3,596.43
Cash to close$294,485$49,000$49,000