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$141,942$141,942$306,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$164,058$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%6.154%7.640%
1st payment$780.89$780.89$2,118.68
2nd payment$0.00$1,093.72$0.00
Taxes / mo$146.08$146.08$146.08
Insurance / mo$150.00$150.00$150.00
MI / mo$117.45$117.45$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.42$2,288.14$2,475.97
Cash to close$198,058$34,000$34,000