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$265,309$265,309$295,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$29,891$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.309%7.640%
1st payment$1,251.32$1,251.32$2,043.91
2nd payment$0.00$224.18$0.00
Taxes / mo$71.58$71.58$71.58
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$59.04
HOA / mo$90.00$90.00$90.00
Total monthly$1,775.03$1,999.21$2,414.53
Cash to close$62,691$32,800$32,800