Phillips Property Group - The Brokery
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

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$350,389$328,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.130%7.400%
Blended rate5.980%7.640%
1st payment$2,032.72$2,274.47
2nd payment$0.00$0.00
Taxes / mo$166.25$166.25
Insurance / mo$150.00$150.00
MI / mo$264.29$65.70
HOA / mo$66.67$66.67
Total monthly$2,679.93$2,723.09
Cash to close$14,611$36,500