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$283,612$283,612$385,200
Remaining term (yrs)24.724.730.0
Secondary amount$0$101,588$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%4.908%7.640%
1st payment$1,343.63$1,343.63$2,667.05
2nd payment$0.00$677.25$0.00
Taxes / mo$227.92$227.92$227.92
Insurance / mo$150.00$150.00$150.00
MI / mo$227.19$227.19$77.04
HOA / mo$146.00$146.00$146.00
Total monthly$2,094.74$2,771.99$3,268.00
Cash to close$144,388$42,800$42,800