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$465,260$465,260$468,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$28,740$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%4.279%7.48%
1st payment$2,211.65$2,211.65$3,189.41
2nd payment$0.00$284.40$0.00
Taxes / mo$536.75$536.75$536.75
Insurance / mo$166.67$166.67$166.67
MI / mo$373.49$373.49$93.60
HOA / mo$75.00$75.00$75.00
Total monthly$3,363.55$3,647.95$4,061.43
Cash to close$54,740$26,000$52,000