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$355,101$341,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,260.89$2,361.71
2nd payment$0.00$0.00
Taxes / mo$4.17$4.17
Insurance / mo$150.00$150.00
MI / mo$166.53$68.22
HOA / mo$219.00$219.00
Total monthly$2,800.59$2,803.09
Cash to close$23,899$37,900