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$196,256$196,256$562,500
Remaining term (yrs)19.219.230.0
Secondary amount$0$366,244$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.721%7.640%
1st payment$1,210.98$1,210.98$3,894.64
2nd payment$0.00$2,365.32$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$166.67$166.67$166.67
MI / mo$180.76$180.76$112.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,782.91$4,148.23$4,398.30
Cash to close$428,744$62,500$62,500