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$280,118$280,118$333,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$52,882$0
Funding fee$0$0$0
Note rate6.190%6.190%7.400%
Blended rate6.740%7.099%7.640%
1st payment$1,729.07$1,729.07$2,305.62
2nd payment$0.00$396.62$0.00
Taxes / mo$62.08$62.08$62.08
Insurance / mo$150.00$150.00$150.00
MI / mo$129.53$129.53$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,070.68$2,467.30$2,584.31
Cash to close$89,882$37,000$37,000