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$286,142$274,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,849.44$1,900.58
2nd payment$0.00$0.00
Taxes / mo$63.98$63.98
Insurance / mo$150.00$150.00
MI / mo$134.11$54.90
HOA / mo$0.00$0.00
Total monthly$2,197.53$2,169.46
Cash to close$18,858$30,500