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$42,458$42,458$196,200
Remaining term (yrs)13.313.330.0
Secondary amount$0$153,742$0
Funding fee$0$0$0
Note rate4.940%4.940%7.400%
Blended rate5.790%7.522%7.640%
1st payment$361.22$361.22$1,358.45
2nd payment$0.00$1,024.94$0.00
Taxes / mo$57.67$57.67$57.67
Insurance / mo$150.00$150.00$150.00
MI / mo$47.99$47.99$39.24
HOA / mo$380.00$380.00$380.00
Total monthly$996.87$2,021.82$1,985.36
Cash to close$175,542$21,800$21,800