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$396,342$391,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$2,641.62$2,710.67
2nd payment$0.00$0.00
Taxes / mo$206.75$206.75
Insurance / mo$150.00$150.00
MI / mo$184.96$78.30
HOA / mo$78.00$78.00
Total monthly$3,261.33$3,223.72
Cash to close$38,658$43,500