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$166,336$166,336$337,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$171,164$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.324%7.640%
1st payment$900.36$900.36$2,336.78
2nd payment$0.00$1,141.09$0.00
Taxes / mo$69.75$69.75$69.75
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,257.82$2,398.91$2,624.03
Cash to close$208,664$37,500$37,500