Phillips Property Group - The Brokery
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

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$340,134$319,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.720%7.400%
Blended rate5.570%7.640%
1st payment$1,903.89$2,212.15
2nd payment$0.00$0.00
Taxes / mo$122.50$122.50
Insurance / mo$150.00$150.00
MI / mo$259.42$63.90
HOA / mo$0.00$0.00
Total monthly$2,435.81$2,548.55
Cash to close$14,866$35,500