HQ Homes
Call Tony

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$220,896$198,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.51%7.24%
Blended rate6.36%7.48%
1st payment$1,339.49$1,349.37
2nd payment$0.00$0.00
Taxes / mo$125.50$125.50
Insurance / mo$150.00$150.00
MI / mo$166.92$39.60
HOA / mo$0.00$0.00
Total monthly$1,781.91$1,664.47
Cash to close$0$22,000