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$70,901$70,901$289,800
Remaining term (yrs)28.928.930.0
Secondary amount$0$218,899$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.637%7.640%
1st payment$463.92$463.92$2,006.52
2nd payment$0.00$1,413.72$0.00
Taxes / mo$84.17$84.17$84.17
Insurance / mo$150.00$150.00$150.00
MI / mo$32.82$32.82$57.96
HOA / mo$97.67$97.67$97.67
Total monthly$828.57$2,242.30$2,396.31
Cash to close$251,099$32,200$32,200