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$387,616$387,616$1,035,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$647,384$0
Funding fee$1,938$1,938$0
Note rate2.81%2.81%7.24%
Blended rate2.81%5.9%7.48%
1st payment$1,825.40$1,825.40$7,053.51
2nd payment$0.00$4,181.02$0.00
Taxes / mo$335.42$335.42$335.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$20.83$20.83$20.83
Total monthly$2,398.32$6,579.34$7,833.42
Cash to close$762,384$115,000$115,000