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$609,174$609,174$674,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$65,825$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.408%7.640%
1st payment$3,224.70$3,224.70$4,673.56
2nd payment$0.00$493.69$0.00
Taxes / mo$123.58$123.58$123.58
Insurance / mo$216.67$216.67$216.67
MI / mo$468.77$468.77$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,033.72$4,527.41$5,148.81
Cash to close$140,825$75,000$75,000