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$319,971$297,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$1,934.03$2,056.37
2nd payment$0.00$0.00
Taxes / mo$61.17$61.17
Insurance / mo$150.00$150.00
MI / mo$239.95$59.40
HOA / mo$0.00$0.00
Total monthly$2,385.15$2,326.93
Cash to close$10,029$33,000