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$63,172$63,172$216,000
Remaining term (yrs)10.510.530.0
Secondary amount$0$152,828$0
Funding fee$0$0$0
Note rate5.62%5.62%7.24%
Blended rate6.47%7.553%7.48%
1st payment$661.06$661.06$1,472.04
2nd payment$0.00$1,018.85$0.00
Taxes / mo$96.25$96.25$96.25
Insurance / mo$150.00$150.00$150.00
MI / mo$81.39$81.39$43.20
HOA / mo$450.00$450.00$450.00
Total monthly$1,438.69$2,457.54$2,211.49
Cash to close$176,828$24,000$24,000