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$262,457$262,457$292,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$30,043$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.071%7.640%
1st payment$1,640.32$1,640.32$2,025.21
2nd payment$0.00$225.32$0.00
Taxes / mo$44.58$44.58$44.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.46$121.46$58.50
HOA / mo$110.00$110.00$110.00
Total monthly$2,066.37$2,291.69$2,388.29
Cash to close$62,543$32,500$32,500