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$356,683$340,650
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,363.26$2,358.59
2nd payment$0.00$0.00
Taxes / mo$86.58$86.58
Insurance / mo$150.00$150.00
MI / mo$166.49$68.13
HOA / mo$493.00$493.00
Total monthly$3,259.33$3,156.31
Cash to close$21,817$37,850