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$364,119$364,119$386,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$44,286$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%8.188%7.640%
1st payment$2,544.64$2,544.64$2,678.89
2nd payment$0.00$438.24$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$150.00$150.00$150.00
MI / mo$171.99$171.99$77.38
HOA / mo$60.00$60.00$60.00
Total monthly$3,133.38$3,571.63$3,173.02
Cash to close$65,781$21,495$42,990