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$249,557$249,557$353,700
Remaining term (yrs)27.927.930.0
Secondary amount$0$104,143$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.492%7.640%
1st payment$1,650.22$1,650.22$2,448.95
2nd payment$0.00$694.29$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.85$116.85$70.74
HOA / mo$85.00$85.00$85.00
Total monthly$2,100.66$2,794.94$2,853.27
Cash to close$143,443$39,300$39,300