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$77,371$77,371$351,000
Remaining term (yrs)16.316.330.0
Secondary amount$0$273,629$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.965%7.640%
1st payment$510.75$510.75$2,430.25
2nd payment$0.00$1,767.19$0.00
Taxes / mo$106.58$106.58$106.58
Insurance / mo$150.00$150.00$150.00
MI / mo$82.19$82.19$70.20
HOA / mo$317.00$317.00$317.00
Total monthly$1,166.52$2,933.71$3,074.04
Cash to close$312,629$39,000$39,000