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$170,645$170,645$359,910
Remaining term (yrs)18.218.230.0
Secondary amount$0$189,265$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.459%7.640%
1st payment$1,086.93$1,086.93$2,491.94
2nd payment$0.00$1,261.77$0.00
Taxes / mo$178.67$178.67$178.67
Insurance / mo$150.00$150.00$150.00
MI / mo$154.10$154.10$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,569.70$2,831.47$2,892.59
Cash to close$229,255$39,990$39,990