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$203,998$203,998$269,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$65,102$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.437%7.640%
1st payment$1,003.26$1,003.26$1,863.19
2nd payment$0.00$488.26$0.00
Taxes / mo$67.08$67.08$67.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.24$159.24$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,379.59$1,867.85$2,134.10
Cash to close$95,002$29,900$29,900