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$75,280$75,280$377,100
Remaining term (yrs)12.612.630.0
Secondary amount$0$301,820$0
Funding fee$0$0$0
Note rate5.38%5.38%7.24%
Blended rate6.23%7.447%7.48%
1st payment$684.11$684.11$2,569.93
2nd payment$0.00$1,949.25$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$86.49$86.49$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,109.09$3,058.35$2,983.85
Cash to close$343,720$41,900$41,900