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$210,018$143,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,388.48$990.80
2nd payment$0.00$0.00
Taxes / mo$29.75$29.75
Insurance / mo$150.00$150.00
MI / mo$100.27$28.62
HOA / mo$50.42$50.42
Total monthly$1,718.92$1,249.59
Cash to close$0$15,900