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$466,889$466,889$553,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$86,611$0
Funding fee$0$0$0
Note rate5.12%5.12%7.24%
Blended rate5.67%6.191%7.48%
1st payment$2,574.71$2,574.71$3,772.09
2nd payment$0.00$649.58$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$166.67$166.67$166.67
MI / mo$216.85$216.85$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,047.24$3,696.82$4,138.46
Cash to close$148,111$61,500$61,500