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$135,918$135,918$404,100
Remaining term (yrs)18.518.530.0
Secondary amount$0$268,182$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.660%7.640%
1st payment$840.99$840.99$2,797.91
2nd payment$0.00$1,732.01$0.00
Taxes / mo$176.92$176.92$176.92
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$80.82
HOA / mo$61.67$61.67$61.67
Total monthly$1,359.63$3,091.64$3,267.31
Cash to close$313,082$44,900$44,900