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$441,547$441,547$553,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$111,953$0
Funding fee$0$0$0
Note rate3.23%3.23%7.24%
Blended rate4.08%4.873%7.48%
1st payment$2,215.60$2,215.60$3,772.09
2nd payment$0.00$746.35$0.00
Taxes / mo$325.67$325.67$325.67
Insurance / mo$166.67$166.67$166.67
MI / mo$361.52$361.52$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,069.45$3,815.80$4,375.13
Cash to close$173,453$61,500$61,500