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$139,417$139,417$337,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$198,083$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.600%7.640%
1st payment$707.70$707.70$2,336.78
2nd payment$0.00$1,320.55$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$67.50
HOA / mo$291.33$291.33$291.33
Total monthly$1,425.89$2,746.44$3,014.36
Cash to close$235,583$37,500$37,500