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$348,892$341,910
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,491.19$2,367.32
2nd payment$0.00$0.00
Taxes / mo$159.50$159.50
Insurance / mo$150.00$150.00
MI / mo$164.26$68.38
HOA / mo$132.00$132.00
Total monthly$3,096.95$2,877.20
Cash to close$31,008$37,990