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$219,488$219,488$243,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$37,012$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.976%7.640%
1st payment$1,299.41$1,299.41$1,682.48
2nd payment$0.00$366.26$0.00
Taxes / mo$45.58$45.58$45.58
Insurance / mo$150.00$150.00$150.00
MI / mo$165.75$165.75$48.60
HOA / mo$356.00$356.00$356.00
Total monthly$2,016.75$2,383.01$2,282.67
Cash to close$50,512$13,500$27,000