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$307,846$307,846$350,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$42,254$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.516%7.640%
1st payment$1,458.17$1,458.17$2,424.02
2nd payment$0.00$316.91$0.00
Taxes / mo$134.25$134.25$134.25
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$70.02
HOA / mo$79.00$79.00$79.00
Total monthly$2,064.84$2,381.75$2,857.29
Cash to close$81,154$38,900$38,900