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$249,830$187,110
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$1,665.12$1,295.51
2nd payment$0.00$0.00
Taxes / mo$51.42$51.42
Insurance / mo$150.00$150.00
MI / mo$116.59$37.42
HOA / mo$265.00$265.00
Total monthly$2,248.12$1,799.35
Cash to close$0$20,790