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$65,067$65,067$337,491
Remaining term (yrs)15.215.230.0
Secondary amount$0$272,424$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%7.268%7.640%
1st payment$486.85$486.85$2,336.72
2nd payment$0.00$1,759.41$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$68.87$68.87$67.50
HOA / mo$75.00$75.00$75.00
Total monthly$959.88$2,719.29$2,808.38
Cash to close$309,923$37,499$37,499