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$149,605$149,605$331,200
Remaining term (yrs)23.323.330.0
Secondary amount$0$181,595$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.455%7.640%
1st payment$799.11$799.11$2,293.16
2nd payment$0.00$1,210.64$0.00
Taxes / mo$99.42$99.42$99.42
Insurance / mo$150.00$150.00$150.00
MI / mo$122.52$122.52$66.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,171.05$2,381.69$2,608.82
Cash to close$218,395$36,800$36,800