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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$400,064$400,064$413,991
Remaining term (yrs)26.326.330.0
Secondary amount$0$36,926$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%8.016%7.640%
1st payment$2,723.28$2,723.28$2,866.39
2nd payment$0.00$365.42$0.00
Taxes / mo$198.42$198.42$198.42
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$82.80
HOA / mo$90.00$90.00$90.00
Total monthly$3,473.95$3,839.37$3,404.27
Cash to close$59,926$23,000$45,999