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$418,725$404,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$2,717.18$2,797.91
2nd payment$0.00$0.00
Taxes / mo$208.75$208.75
Insurance / mo$150.00$150.00
MI / mo$194.60$80.82
HOA / mo$146.00$146.00
Total monthly$3,416.52$3,383.48
Cash to close$30,275$44,900