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$488,790$468,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$3,242.62$3,240.34
2nd payment$0.00$0.00
Taxes / mo$52.25$52.25
Insurance / mo$166.67$166.67
MI / mo$226.81$93.60
HOA / mo$199.00$199.00
Total monthly$3,887.35$3,751.85
Cash to close$31,210$52,000