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$223,911$223,911$391,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$167,499$0
Funding fee$0$0$0
Note rate3.360%3.360%7.400%
Blended rate4.210%5.832%7.640%
1st payment$1,144.05$1,144.05$2,710.04
2nd payment$0.00$1,116.66$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$183.65$183.65$78.28
HOA / mo$120.00$120.00$120.00
Total monthly$1,716.37$2,833.03$3,176.99
Cash to close$210,989$43,490$43,490