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$31,119$31,119$557,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$526,791$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%7.571%7.640%
1st payment$192.42$192.42$3,862.86
2nd payment$0.00$3,402.19$0.00
Taxes / mo$238.17$238.17$238.17
Insurance / mo$166.67$166.67$166.67
MI / mo$29.65$29.65$111.58
HOA / mo$0.00$0.00$0.00
Total monthly$626.91$4,029.10$4,379.27
Cash to close$588,781$61,990$61,990