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$329,378$329,378$359,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$29,722$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.046%7.640%
1st payment$2,131.64$2,131.64$2,486.34
2nd payment$0.00$222.92$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,585.16$2,808.07$2,854.16
Cash to close$69,622$39,900$39,900