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$285,380$285,380$382,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$97,120$0
Funding fee$0$0$0
Note rate2.94%2.94%7.24%
Blended rate3.79%5.113%7.48%
1st payment$1,382.43$1,382.43$2,606.73
2nd payment$0.00$728.40$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$150.00$150.00$150.00
MI / mo$234.05$234.05$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,037.57$2,765.97$3,104.31
Cash to close$139,620$42,500$42,500