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$476,476$476,476$485,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$35,574$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.590%7.640%
1st payment$3,135.19$3,135.19$3,358.73
2nd payment$0.00$352.03$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$166.67$166.67$166.67
MI / mo$222.23$222.23$97.02
HOA / mo$320.00$320.00$320.00
Total monthly$4,002.51$4,354.54$4,100.84
Cash to close$62,524$26,950$53,900