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$314,991$314,991$324,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$27,009$0
Funding fee$0$0$0
Note rate3.07%3.07%7.24%
Blended rate3.92%4.548%7.48%
1st payment$1,495.31$1,495.31$2,208.05
2nd payment$0.00$267.28$0.00
Taxes / mo$169.83$169.83$169.83
Insurance / mo$150.00$150.00$150.00
MI / mo$248.99$248.99$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,064.13$2,331.41$2,592.69
Cash to close$45,009$18,000$36,000