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$281,805$269,910
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,025.32$1,868.80
2nd payment$0.00$0.00
Taxes / mo$177.25$177.25
Insurance / mo$150.00$150.00
MI / mo$132.76$53.98
HOA / mo$0.00$0.00
Total monthly$2,485.33$2,250.03
Cash to close$18,095$29,990