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$362,712$333,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$2,508.79$2,305.62
2nd payment$0.00$0.00
Taxes / mo$99.75$99.75
Insurance / mo$150.00$150.00
MI / mo$171.62$66.60
HOA / mo$121.00$121.00
Total monthly$3,051.15$2,742.97
Cash to close$7,288$37,000