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$273,878$273,878$449,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$176,032$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.291%7.640%
1st payment$1,274.40$1,274.40$3,115.09
2nd payment$0.00$1,173.55$0.00
Taxes / mo$104.75$104.75$104.75
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,768.38$2,941.93$3,476.48
Cash to close$226,022$49,990$49,990