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$248,909$248,909$445,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$196,591$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.687%7.640%
1st payment$1,673.61$1,673.61$3,084.55
2nd payment$0.00$1,310.61$0.00
Taxes / mo$151.83$151.83$151.83
Insurance / mo$166.67$166.67$166.67
MI / mo$116.59$116.59$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,108.70$3,419.31$3,492.15
Cash to close$246,091$49,500$49,500