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$272,327$272,327$314,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$42,583$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.313%7.640%
1st payment$1,271.35$1,271.35$2,180.37
2nd payment$0.00$319.37$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$150.00$150.00$150.00
MI / mo$221.16$221.16$62.98
HOA / mo$110.00$110.00$110.00
Total monthly$1,957.51$2,276.88$2,708.36
Cash to close$77,573$34,990$34,990