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$497,645$469,800
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$3,242.06$3,252.80
2nd payment$0.00$0.00
Taxes / mo$282.75$282.75
Insurance / mo$166.67$166.67
MI / mo$232.67$93.96
HOA / mo$125.00$125.00
Total monthly$4,049.14$3,921.18
Cash to close$24,355$52,200