Phillips Property Group - The Brokery
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$396,774$391,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,619.50$2,710.04
2nd payment$0.00$0.00
Taxes / mo$139.25$139.25
Insurance / mo$150.00$150.00
MI / mo$187.21$78.28
HOA / mo$67.00$67.00
Total monthly$3,162.96$3,144.58
Cash to close$38,126$43,490