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$250,784$250,784$562,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$311,716$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%6.007%7.640%
1st payment$1,190.62$1,190.62$3,894.64
2nd payment$0.00$2,013.17$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$166.67$166.67$166.67
MI / mo$200.29$200.29$112.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,823.57$3,836.74$4,439.80
Cash to close$374,216$62,500$62,500