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$252,273$161,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.750%7.400%
Blended rate7.600%7.640%
1st payment$1,719.49$1,115.42
2nd payment$0.00$0.00
Taxes / mo$55.25$55.25
Insurance / mo$150.00$150.00
MI / mo$187.79$32.22
HOA / mo$240.00$240.00
Total monthly$2,352.53$1,592.89
Cash to close$0$17,900