Phillips Property Group - The Brokery
Call Dylan

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$176,268$176,268$234,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$57,732$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.977%7.640%
1st payment$828.14$828.14$1,620.17
2nd payment$0.00$432.99$0.00
Taxes / mo$52.17$52.17$52.17
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$46.80
HOA / mo$52.00$52.00$52.00
Total monthly$1,224.89$1,657.88$1,921.14
Cash to close$83,732$26,000$26,000