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$524,517$524,517$585,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$60,483$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.368%7.640%
1st payment$3,455.79$3,455.79$4,050.42
2nd payment$0.00$453.62$0.00
Taxes / mo$189.92$189.92$189.92
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$117.00
HOA / mo$120.00$120.00$120.00
Total monthly$4,179.61$4,633.24$4,644.01
Cash to close$125,483$65,000$65,000