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$47,949$47,949$197,991
Remaining term (yrs)18.718.730.0
Secondary amount$0$150,042$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%7.189%7.640%
1st payment$297.38$297.38$1,370.85
2nd payment$0.00$1,000.28$0.00
Taxes / mo$28.42$28.42$28.42
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$39.60
HOA / mo$265.00$265.00$265.00
Total monthly$786.01$1,786.29$1,853.86
Cash to close$172,041$21,999$21,999