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$537,284$537,284$553,491
Remaining term (yrs)28.428.430.0
Secondary amount$0$46,957$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.833%7.640%
1st payment$3,606.01$3,606.01$3,832.26
2nd payment$0.00$464.68$0.00
Taxes / mo$165.42$165.42$165.42
Insurance / mo$166.67$166.67$166.67
MI / mo$250.19$250.19$110.70
HOA / mo$220.00$220.00$220.00
Total monthly$4,408.29$4,872.96$4,495.04
Cash to close$77,706$30,750$61,499