Phillips Property Group - The Brokery
Call Dylan

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$304,385$304,385$360,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$55,615$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%1.855%7.640%
1st payment$845.51$845.51$2,492.57
2nd payment$0.00$417.11$0.00
Taxes / mo$9.50$9.50$9.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.51$139.51$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,144.52$1,561.64$2,724.07
Cash to close$95,615$40,000$40,000