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$450,961$450,961$486,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,039$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%6.968%7.640%
1st payment$2,904.98$2,904.98$3,364.97
2nd payment$0.00$262.79$0.00
Taxes / mo$195.17$195.17$195.17
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$97.20
HOA / mo$88.00$88.00$88.00
Total monthly$3,570.84$3,833.63$3,912.01
Cash to close$89,039$54,000$54,000