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$152,314$152,314$539,910
Remaining term (yrs)16.016.030.0
Secondary amount$0$387,596$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.825%7.640%
1st payment$1,042.25$1,042.25$3,738.23
2nd payment$0.00$2,503.23$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$166.67$166.67$166.67
MI / mo$161.98$161.98$107.98
HOA / mo$95.00$95.00$95.00
Total monthly$1,655.07$4,158.30$4,297.04
Cash to close$447,586$59,990$59,990