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$426,019$337,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,842.34$2,336.78
2nd payment$0.00$0.00
Taxes / mo$189.83$189.83
Insurance / mo$150.00$150.00
MI / mo$202.51$67.50
HOA / mo$112.00$112.00
Total monthly$3,496.68$2,856.12
Cash to close$0$37,500