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$260,173$260,173$315,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$54,827$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.556%7.640%
1st payment$1,225.76$1,225.76$2,181.00
2nd payment$0.00$411.21$0.00
Taxes / mo$107.42$107.42$107.42
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$63.00
HOA / mo$490.00$490.00$490.00
Total monthly$2,185.30$2,596.51$2,991.41
Cash to close$89,827$35,000$35,000