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$65,245$65,245$346,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$281,255$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%7.112%7.640%
1st payment$428.22$428.22$2,399.10
2nd payment$0.00$1,816.44$0.00
Taxes / mo$80.00$80.00$80.00
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$725.68$2,542.12$2,698.40
Cash to close$319,755$38,500$38,500