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$239,777$239,777$328,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$88,723$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.190%7.640%
1st payment$1,130.90$1,130.90$2,274.47
2nd payment$0.00$665.42$0.00
Taxes / mo$154.67$154.67$154.67
Insurance / mo$150.00$150.00$150.00
MI / mo$191.71$191.71$65.70
HOA / mo$84.00$84.00$84.00
Total monthly$1,711.28$2,376.70$2,728.83
Cash to close$125,223$36,500$36,500