Phillips Property Group - The Brokery
Call Pedro

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$436,416$436,416$503,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$66,684$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.734%7.640%
1st payment$2,968.79$2,968.79$3,483.36
2nd payment$0.00$500.13$0.00
Taxes / mo$166.50$166.50$166.50
Insurance / mo$166.67$166.67$166.67
MI / mo$204.73$204.73$100.62
HOA / mo$86.67$86.67$86.67
Total monthly$3,593.35$4,093.49$4,003.82
Cash to close$122,584$55,900$55,900