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$343,692$248,310
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,293.35$1,719.25
2nd payment$0.00$0.00
Taxes / mo$203.08$203.08
Insurance / mo$150.00$150.00
MI / mo$159.76$49.66
HOA / mo$114.00$114.00
Total monthly$2,920.20$2,235.99
Cash to close$0$27,590