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$292,438$292,438$359,991
Remaining term (yrs)25.325.330.0
Secondary amount$0$67,553$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.800%7.640%
1st payment$1,368.46$1,368.46$2,492.50
2nd payment$0.00$506.65$0.00
Taxes / mo$259.75$259.75$259.75
Insurance / mo$150.00$150.00$150.00
MI / mo$230.50$230.50$72.00
HOA / mo$125.00$125.00$125.00
Total monthly$2,133.72$2,640.37$3,099.25
Cash to close$107,552$39,999$39,999