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$282,816$282,816$439,200
Remaining term (yrs)23.623.630.0
Secondary amount$0$156,384$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.527%7.640%
1st payment$1,434.27$1,434.27$3,040.93
2nd payment$0.00$1,042.56$0.00
Taxes / mo$188.25$188.25$188.25
Insurance / mo$166.67$166.67$166.67
MI / mo$231.68$231.68$87.84
HOA / mo$120.00$120.00$120.00
Total monthly$2,140.87$3,183.43$3,603.69
Cash to close$205,184$48,800$48,800