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$13,523$13,523$312,300
Remaining term (yrs)26.926.930.0
Secondary amount$0$298,777$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.719%7.640%
1st payment$88.47$88.47$2,162.30
2nd payment$0.00$1,929.60$0.00
Taxes / mo$112.58$112.58$112.58
Insurance / mo$150.00$150.00$150.00
MI / mo$6.35$6.35$62.46
HOA / mo$0.00$0.00$0.00
Total monthly$357.40$2,287.00$2,487.35
Cash to close$333,477$34,700$34,700