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$248,335$184,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.290%7.400%
Blended rate7.840%7.640%
1st payment$1,748.46$1,277.44
2nd payment$0.00$0.00
Taxes / mo$40.92$40.92
Insurance / mo$150.00$150.00
MI / mo$117.01$36.90
HOA / mo$190.00$190.00
Total monthly$2,246.38$1,695.26
Cash to close$0$20,500