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 · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$234,996$234,996$269,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$35,003$0
Funding fee$0$0$0
Note rate2.74%2.74%7.24%
Blended rate3.59%4.291%7.48%
1st payment$1,100.90$1,100.90$1,840.04
2nd payment$0.00$262.52$0.00
Taxes / mo$193.67$193.67$193.67
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.00
HOA / mo$405.00$405.00$405.00
Total monthly$2,040.83$2,303.35$2,642.71
Cash to close$65,003$30,000$30,000