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$285,346$285,346$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,154$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.652%7.640%
1st payment$1,333.93$1,333.93$2,399.10
2nd payment$0.00$458.65$0.00
Taxes / mo$193.33$193.33$193.33
Insurance / mo$150.00$150.00$150.00
MI / mo$227.88$227.88$69.30
HOA / mo$60.67$60.67$60.67
Total monthly$1,965.82$2,424.47$2,872.40
Cash to close$99,654$38,500$38,500