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$324,160$319,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,168.36$2,212.15
2nd payment$0.00$0.00
Taxes / mo$107.67$107.67
Insurance / mo$150.00$150.00
MI / mo$154.81$63.90
HOA / mo$0.00$0.00
Total monthly$2,580.84$2,533.72
Cash to close$30,840$35,500