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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$226,570$226,570$562,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$335,930$0
Funding fee$1,133$1,133$0
Note rate3.8%3.8%7.24%
Blended rate3.8%6.159%7.48%
1st payment$1,235.27$1,235.27$3,833.43
2nd payment$0.00$2,169.55$0.00
Taxes / mo$344.83$344.83$344.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.77$3,916.32$4,457.43
Cash to close$398,430$62,500$62,500