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$484,508$407,700
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$3,123.38$2,822.83
2nd payment$0.00$0.00
Taxes / mo$174.08$174.08
Insurance / mo$166.67$166.67
MI / mo$231.77$81.54
HOA / mo$78.00$78.00
Total monthly$3,773.90$3,323.12
Cash to close$0$45,300