HQ Homes
Call Tony

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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$231,899$231,899$261,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,101$0
Funding fee$1,159$1,159$0
Note rate5.23%5.23%7.24%
Blended rate5.23%5.65%7.48%
1st payment$1,367.38$1,367.38$1,778.71
2nd payment$0.00$218.26$0.00
Taxes / mo$141.45$141.45$141.45
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$370.00$370.00$370.00
Total monthly$2,028.82$2,247.08$2,492.36
Cash to close$58,101$29,000$29,000