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$127,726$127,726$328,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$200,774$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.502%7.640%
1st payment$789.79$789.79$2,274.47
2nd payment$0.00$1,296.67$0.00
Taxes / mo$92.58$92.58$92.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.69$121.69$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,154.07$2,450.73$2,582.75
Cash to close$237,274$36,500$36,500