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$498,556$404,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$3,430.92$2,797.91
2nd payment$0.00$0.00
Taxes / mo$144.67$144.67
Insurance / mo$150.00$150.00
MI / mo$233.99$80.82
HOA / mo$126.00$126.00
Total monthly$4,085.58$3,299.39
Cash to close$0$44,900