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$357,244$341,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$2,513.51$2,361.71
2nd payment$0.00$0.00
Taxes / mo$157.75$157.75
Insurance / mo$150.00$150.00
MI / mo$169.21$68.22
HOA / mo$81.00$81.00
Total monthly$3,071.48$2,818.68
Cash to close$21,756$37,900