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$164,061$164,061$180,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$25,939$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.842%7.640%
1st payment$764.32$764.32$1,246.28
2nd payment$0.00$256.69$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$130.41$130.41$36.00
HOA / mo$173.00$173.00$173.00
Total monthly$1,260.48$1,517.17$1,648.03
Cash to close$35,939$10,000$20,000