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$47,803$47,803$224,910
Remaining term (yrs)7.37.330.0
Secondary amount$0$177,107$0
Funding fee$0$0$0
Note rate5.650%5.650%7.400%
Blended rate6.500%7.681%7.640%
1st payment$658.73$658.73$1,557.23
2nd payment$0.00$1,180.71$0.00
Taxes / mo$76.42$76.42$76.42
Insurance / mo$150.00$150.00$150.00
MI / mo$80.83$80.83$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$965.98$2,146.69$1,828.63
Cash to close$202,097$24,990$24,990