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$54,625$54,625$324,000
Remaining term (yrs)12.512.530.0
Secondary amount$0$269,375$0
Funding fee$0$0$0
Note rate5.150%5.150%7.400%
Blended rate6.000%7.455%7.640%
1st payment$492.29$492.29$2,243.31
2nd payment$0.00$1,739.71$0.00
Taxes / mo$44.50$44.50$44.50
Insurance / mo$150.00$150.00$150.00
MI / mo$63.86$63.86$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$750.65$2,490.37$2,502.61
Cash to close$305,375$36,000$36,000