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$304,092$304,092$328,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$42,658$0
Funding fee$0$0$0
Note rate4.98%4.98%7.24%
Blended rate5.83%6.574%7.48%
1st payment$1,750.99$1,750.99$2,238.72
2nd payment$0.00$422.13$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$231.57$231.57$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,282.98$2,705.11$2,604.84
Cash to close$60,908$18,250$36,500