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$110,005$110,005$288,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$177,995$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%6.403%7.640%
1st payment$523.49$523.49$1,994.05
2nd payment$0.00$1,186.63$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$88.29$88.29$57.60
HOA / mo$110.00$110.00$110.00
Total monthly$970.36$2,156.99$2,410.24
Cash to close$209,995$32,000$32,000