Phillips Property Group - The Brokery
Call Dylan

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$147,678$147,678$427,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$279,822$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.814%7.640%
1st payment$968.76$968.76$2,959.92
2nd payment$0.00$1,807.19$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$166.67$166.67$166.67
MI / mo$140.49$140.49$85.50
HOA / mo$91.67$91.67$91.67
Total monthly$1,514.51$3,321.70$3,450.68
Cash to close$327,322$47,500$47,500