Phillips Property Group - The Brokery
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

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$387,397$382,050
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$2,290.03$2,645.24
2nd payment$0.00$0.00
Taxes / mo$208.67$208.67
Insurance / mo$150.00$150.00
MI / mo$292.11$76.41
HOA / mo$70.00$70.00
Total monthly$3,010.81$3,150.31
Cash to close$37,103$42,450