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$237,453$247,500
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.020%7.400%
Blended rate3.870%7.640%
1st payment$1,141.33$1,713.64
2nd payment$0.00$0.00
Taxes / mo$115.58$115.58
Insurance / mo$150.00$150.00
MI / mo$191.26$49.50
HOA / mo$85.00$85.00
Total monthly$1,683.17$2,113.72
Cash to close$37,547$27,500