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$377,863$377,863$391,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,387$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.125%7.640%
1st payment$2,406.31$2,406.31$2,710.67
2nd payment$0.00$350.18$0.00
Taxes / mo$219.58$219.58$219.58
Insurance / mo$150.00$150.00$150.00
MI / mo$181.42$181.42$78.30
HOA / mo$126.00$126.00$126.00
Total monthly$3,083.31$3,433.49$3,284.55
Cash to close$57,137$21,750$43,500