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$263,919$263,919$301,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$37,581$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.687%7.640%
1st payment$1,778.12$1,778.12$2,087.53
2nd payment$0.00$281.86$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$60.30
HOA / mo$21.00$21.00$21.00
Total monthly$2,255.83$2,537.68$2,502.41
Cash to close$71,081$33,500$33,500