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$285,530$285,530$342,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$56,470$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.276%7.640%
1st payment$1,441.29$1,441.29$2,367.94
2nd payment$0.00$423.52$0.00
Taxes / mo$123.25$123.25$123.25
Insurance / mo$150.00$150.00$150.00
MI / mo$222.07$222.07$68.40
HOA / mo$75.00$75.00$75.00
Total monthly$2,011.62$2,435.14$2,784.59
Cash to close$94,470$38,000$38,000