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
Current Market Conventional
New · Conventional
Loan amount$181,267$185,399
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,202.58$1,283.67
2nd payment$0.00$0.00
Taxes / mo$30.67$30.67
Insurance / mo$150.00$150.00
MI / mo$85.51$37.08
HOA / mo$50.42$50.42
Total monthly$1,519.17$1,551.83
Cash to close$24,732$20,600