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$420,810$420,810$450,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,190$0
Funding fee$0$0$0
Note rate6.34%6.34%7.24%
Blended rate6.89%7.027%7.48%
1st payment$2,728.69$2,728.69$3,066.74
2nd payment$0.00$218.92$0.00
Taxes / mo$143.36$143.36$143.36
Insurance / mo$166.67$166.67$166.67
MI / mo$201.20$201.20$90.00
HOA / mo$143.00$143.00$143.00
Total monthly$3,382.91$3,601.84$3,609.76
Cash to close$79,190$50,000$50,000