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$302,373$302,373$343,799
Remaining term (yrs)26.526.530.0
Secondary amount$0$41,426$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.285%7.640%
1st payment$1,993.70$1,993.70$2,380.40
2nd payment$0.00$310.69$0.00
Taxes / mo$62.17$62.17$62.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.57$144.57$68.76
HOA / mo$2.08$2.08$2.08
Total monthly$2,352.52$2,663.21$2,663.40
Cash to close$79,626$38,200$38,200