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$272,368$272,368$539,955
Remaining term (yrs)24.724.730.0
Secondary amount$0$267,587$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.778%7.640%
1st payment$1,296.01$1,296.01$3,738.54
2nd payment$0.00$1,728.17$0.00
Taxes / mo$206.42$206.42$206.42
Insurance / mo$166.67$166.67$166.67
MI / mo$218.02$218.02$107.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,887.11$3,615.28$4,219.61
Cash to close$327,582$59,995$59,995