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$246,798$246,798$764,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$518,112$0
Funding fee$0$0$0
Note rate2.84%2.84%7.24%
Blended rate3.69%6.44%7.48%
1st payment$1,147.29$1,147.29$5,212.85
2nd payment$0.00$3,346.14$0.00
Taxes / mo$325.83$325.83$325.83
Insurance / mo$216.67$216.67$216.67
MI / mo$196.76$196.76$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,886.54$5,232.68$5,908.33
Cash to close$603,102$84,990$84,990