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$333,142$315,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,150.74$2,181.00
2nd payment$0.00$0.00
Taxes / mo$72.83$72.83
Insurance / mo$150.00$150.00
MI / mo$159.76$63.00
HOA / mo$0.00$0.00
Total monthly$2,533.34$2,466.83
Cash to close$16,858$35,000