Phillips Property Group - The Brokery
Call Pedro

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$345,789$345,789$431,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$85,311$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%8.086%7.640%
1st payment$2,443.91$2,443.91$2,984.85
2nd payment$0.00$639.83$0.00
Taxes / mo$157.58$157.58$157.58
Insurance / mo$166.67$166.67$166.67
MI / mo$163.22$163.22$86.22
HOA / mo$75.00$75.00$75.00
Total monthly$3,006.38$3,646.21$3,470.32
Cash to close$133,211$47,900$47,900