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$406,718$283,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$2,152.99$1,962.90
2nd payment$0.00$0.00
Taxes / mo$172.58$172.58
Insurance / mo$150.00$150.00
MI / mo$312.98$56.70
HOA / mo$85.33$85.33
Total monthly$2,873.88$2,427.51
Cash to close$0$31,500