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$214,834$214,834$364,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$149,666$0
Funding fee$0$0$0
Note rate4.55%4.55%7.24%
Blended rate5.4%6.468%7.48%
1st payment$1,289.31$1,289.31$2,484.06
2nd payment$0.00$997.77$0.00
Taxes / mo$217.67$217.67$217.67
Insurance / mo$150.00$150.00$150.00
MI / mo$179.19$179.19$72.90
HOA / mo$475.00$475.00$475.00
Total monthly$2,311.17$3,308.95$3,399.63
Cash to close$190,166$40,500$40,500