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$197,568$197,568$261,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$63,432$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.882%7.640%
1st payment$922.54$922.54$1,807.11
2nd payment$0.00$475.74$0.00
Taxes / mo$63.83$63.83$63.83
Insurance / mo$150.00$150.00$150.00
MI / mo$160.90$160.90$52.20
HOA / mo$290.00$290.00$290.00
Total monthly$1,587.27$2,063.02$2,363.14
Cash to close$92,432$29,000$29,000