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$585,745$585,745$675,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$89,255$0
Funding fee$0$0$0
Note rate6.11%6.11%7.24%
Blended rate6.96%7.23%7.48%
1st payment$3,746.75$3,746.75$4,600.11
2nd payment$0.00$669.41$0.00
Taxes / mo$309.58$309.58$309.58
Insurance / mo$216.67$216.67$216.67
MI / mo$437.48$437.48$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,710.48$5,379.89$5,261.36
Cash to close$164,255$75,000$75,000