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$197,136$197,136$378,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$180,864$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.825%7.640%
1st payment$932.79$932.79$2,617.20
2nd payment$0.00$1,205.76$0.00
Taxes / mo$152.75$152.75$152.75
Insurance / mo$150.00$150.00$150.00
MI / mo$157.12$157.12$75.60
HOA / mo$66.67$66.67$66.67
Total monthly$1,459.33$2,665.09$3,062.22
Cash to close$222,864$42,000$42,000