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$317,939$315,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.110%7.400%
Blended rate5.960%7.640%
1st payment$1,852.11$2,181.00
2nd payment$0.00$0.00
Taxes / mo$96.83$96.83
Insurance / mo$150.00$150.00
MI / mo$241.35$63.00
HOA / mo$18.33$18.33
Total monthly$2,358.63$2,509.16
Cash to close$32,061$35,000