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$153,614$163,800
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$1,039.93$1,134.12
2nd payment$0.00$0.00
Taxes / mo$38.67$38.67
Insurance / mo$150.00$150.00
MI / mo$72.01$32.76
HOA / mo$0.00$0.00
Total monthly$1,300.61$1,355.54
Cash to close$28,386$18,200