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$420,409$420,409$440,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$44,141$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.510%7.925%7.640%
1st payment$2,831.27$2,831.27$3,047.16
2nd payment$0.00$436.82$0.00
Taxes / mo$122.33$122.33$122.33
Insurance / mo$166.67$166.67$166.67
MI / mo$312.08$312.08$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,432.34$3,869.16$3,424.18
Cash to close$68,591$24,450$48,900