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$351,899$328,500
Remaining term (yrs)23.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,452.35$2,274.47
2nd payment$0.00$0.00
Taxes / mo$129.92$129.92
Insurance / mo$150.00$150.00
MI / mo$166.47$65.70
HOA / mo$45.00$45.00
Total monthly$2,943.73$2,665.08
Cash to close$13,101$36,500