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$310,812$310,812$359,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$49,098$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.117%7.640%
1st payment$1,999.28$1,999.28$2,491.94
2nd payment$0.00$368.24$0.00
Taxes / mo$75.42$75.42$75.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,373.20$2,741.44$2,789.34
Cash to close$89,088$39,990$39,990