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$360,870$360,870$414,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$53,130$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%7.492%7.640%
1st payment$2,372.49$2,372.49$2,866.45
2nd payment$0.00$398.47$0.00
Taxes / mo$168.08$168.08$168.08
Insurance / mo$166.67$166.67$166.67
MI / mo$268.10$268.10$82.80
HOA / mo$90.00$90.00$90.00
Total monthly$3,065.35$3,463.82$3,374.00
Cash to close$99,130$46,000$46,000