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$261,863$261,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$1,738.92$1,807.11
2nd payment$0.00$0.00
Taxes / mo$87.33$87.33
Insurance / mo$150.00$150.00
MI / mo$121.51$52.20
HOA / mo$55.00$55.00
Total monthly$2,152.76$2,151.64
Cash to close$28,137$29,000