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$295,742$292,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,962.04$2,024.59
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$150.00$150.00
MI / mo$139.50$58.48
HOA / mo$45.00$45.00
Total monthly$2,468.13$2,449.65
Cash to close$29,158$32,490