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$393,608$382,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$2,382.50$2,648.35
2nd payment$0.00$0.00
Taxes / mo$120.00$120.00
Insurance / mo$150.00$150.00
MI / mo$295.59$76.50
HOA / mo$78.00$78.00
Total monthly$3,026.09$3,072.85
Cash to close$31,392$42,500