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$123,367$123,367$305,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$181,733$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.803%7.640%
1st payment$748.15$748.15$2,112.45
2nd payment$0.00$1,211.55$0.00
Taxes / mo$124.17$124.17$124.17
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$61.02
HOA / mo$85.00$85.00$85.00
Total monthly$1,215.82$2,427.37$2,532.64
Cash to close$215,633$33,900$33,900