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$30,758$30,758$297,000
Remaining term (yrs)3.03.030.0
Secondary amount$0$266,242$0
Funding fee$0$0$0
Note rate7.820%7.820%7.400%
Blended rate8.670%7.845%7.640%
1st payment$916.38$916.38$2,056.37
2nd payment$0.00$1,719.48$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$150.00$150.00$150.00
MI / mo$90.00$90.00$59.40
HOA / mo$35.00$35.00$35.00
Total monthly$1,338.96$3,058.45$2,448.35
Cash to close$299,242$33,000$33,000