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$32,968$32,968$238,500
Remaining term (yrs)4.54.530.0
Secondary amount$0$205,532$0
Funding fee$0$0$0
Note rate7.010%7.010%7.400%
Blended rate7.860%7.765%7.640%
1st payment$691.95$691.95$1,651.33
2nd payment$0.00$1,327.40$0.00
Taxes / mo$88.17$88.17$88.17
Insurance / mo$150.00$150.00$150.00
MI / mo$73.60$73.60$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,003.71$2,331.11$1,937.19
Cash to close$232,032$26,500$26,500