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$504,677$481,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$3,348.18$3,333.81
2nd payment$0.00$0.00
Taxes / mo$211.67$211.67
Insurance / mo$166.67$166.67
MI / mo$238.06$96.30
HOA / mo$96.00$96.00
Total monthly$4,060.58$3,904.44
Cash to close$30,323$53,500