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$76,230$76,230$252,000
Remaining term (yrs)13.013.030.0
Secondary amount$0$175,770$0
Funding fee$0$0$0
Note rate4%4%7.24%
Blended rate4.85%7.047%7.48%
1st payment$624.42$624.42$1,717.38
2nd payment$0.00$1,171.80$0.00
Taxes / mo$249.92$249.92$249.92
Insurance / mo$150.00$150.00$150.00
MI / mo$92.64$92.64$50.40
HOA / mo$362.00$362.00$362.00
Total monthly$1,478.98$2,650.77$2,529.69
Cash to close$203,770$28,000$28,000