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$272,535$188,999
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$1,806.48$1,308.59
2nd payment$0.00$0.00
Taxes / mo$68.08$68.08
Insurance / mo$150.00$150.00
MI / mo$128.71$37.80
HOA / mo$0.00$0.00
Total monthly$2,153.27$1,564.47
Cash to close$0$21,000