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$242,640$242,640$355,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$112,860$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.611%7.640%
1st payment$1,634.72$1,634.72$2,461.41
2nd payment$0.00$752.40$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$114.00$114.00$71.10
HOA / mo$71.00$71.00$71.00
Total monthly$2,085.72$2,838.12$2,869.51
Cash to close$152,360$39,500$39,500