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$214,784$214,784$432,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$217,216$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%6.333%7.640%
1st payment$1,273.32$1,273.32$2,991.08
2nd payment$0.00$1,402.85$0.00
Taxes / mo$131.75$131.75$131.75
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$86.40
HOA / mo$17.33$17.33$17.33
Total monthly$1,776.86$3,179.71$3,393.23
Cash to close$265,216$48,000$48,000