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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$456,286$456,286$458,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,119$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.622%7.640%
1st payment$3,082.10$3,082.10$3,177.40
2nd payment$0.00$278.26$0.00
Taxes / mo$157.33$157.33$157.33
Insurance / mo$166.67$166.67$166.67
MI / mo$216.46$216.46$91.78
HOA / mo$22.33$22.33$22.33
Total monthly$3,644.90$3,923.16$3,615.51
Cash to close$53,614$25,495$50,990