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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$258,504$258,504$270,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$26,496$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%8.152%7.640%
1st payment$1,781.96$1,781.96$1,869.43
2nd payment$0.00$262.20$0.00
Taxes / mo$106.08$106.08$106.08
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,229.31$2,491.50$2,179.51
Cash to close$41,496$15,000$30,000