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$399,845$399,845$450,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$50,155$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.267%7.640%
1st payment$2,606.60$2,606.60$3,115.71
2nd payment$0.00$376.16$0.00
Taxes / mo$73.83$73.83$73.83
Insurance / mo$166.67$166.67$166.67
MI / mo$189.01$189.01$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,036.11$3,412.27$3,446.21
Cash to close$100,155$50,000$50,000