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$264,535$264,535$279,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$29,965$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.729%7.640%
1st payment$1,253.05$1,253.05$1,931.74
2nd payment$0.00$296.53$0.00
Taxes / mo$54.58$54.58$54.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$55.80
HOA / mo$33.00$33.00$33.00
Total monthly$1,699.28$1,995.81$2,225.12
Cash to close$45,465$15,500$31,000