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$286,669$286,669$300,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$30,631$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.570%7.640%
1st payment$1,359.74$1,359.74$2,081.29
2nd payment$0.00$303.11$0.00
Taxes / mo$107.75$107.75$107.75
Insurance / mo$150.00$150.00$150.00
MI / mo$230.21$230.21$60.12
HOA / mo$66.00$66.00$66.00
Total monthly$1,913.70$2,216.81$2,465.16
Cash to close$47,331$16,700$33,400