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$374,550$369,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,238.78$2,554.88
2nd payment$0.00$0.00
Taxes / mo$107.17$107.17
Insurance / mo$150.00$150.00
MI / mo$282.09$73.80
HOA / mo$97.00$97.00
Total monthly$2,875.04$2,982.85
Cash to close$35,450$41,000