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$95,796$95,796$314,100
Remaining term (yrs)15.715.730.0
Secondary amount$0$218,304$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.798%7.640%
1st payment$670.80$670.80$2,174.76
2nd payment$0.00$1,409.88$0.00
Taxes / mo$118.42$118.42$118.42
Insurance / mo$150.00$150.00$150.00
MI / mo$102.22$102.22$62.82
HOA / mo$205.00$205.00$205.00
Total monthly$1,246.44$2,656.32$2,711.00
Cash to close$253,204$34,900$34,900