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$459,647$459,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$2,993.51$3,178.02
2nd payment$0.00$0.00
Taxes / mo$185.33$185.33
Insurance / mo$166.67$166.67
MI / mo$220.27$91.80
HOA / mo$137.00$137.00
Total monthly$3,702.78$3,758.82
Cash to close$50,353$51,000