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$17,220$17,220$326,250
Remaining term (yrs)15.515.530.0
Secondary amount$0$309,030$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%7.549%7.640%
1st payment$115.66$115.66$2,258.89
2nd payment$0.00$1,995.82$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$14.65$14.65$65.25
HOA / mo$0.00$0.00$0.00
Total monthly$425.23$2,421.05$2,619.06
Cash to close$345,280$36,250$36,250