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$332,291$332,291$526,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$194,209$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.318%7.640%
1st payment$1,558.53$1,558.53$3,645.38
2nd payment$0.00$1,294.73$0.00
Taxes / mo$183.08$183.08$183.08
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$105.30
HOA / mo$112.00$112.00$112.00
Total monthly$2,285.51$3,580.24$4,212.43
Cash to close$252,709$58,500$58,500