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$231,381$231,381$283,499
Remaining term (yrs)26.326.330.0
Secondary amount$0$52,118$0
Funding fee$0$0$0
Note rate6.36%6.36%7.24%
Blended rate6.91%7.294%7.48%
1st payment$1,508.73$1,508.73$1,932.04
2nd payment$0.00$390.88$0.00
Taxes / mo$147.75$147.75$147.75
Insurance / mo$150.00$150.00$150.00
MI / mo$111.02$111.02$56.70
HOA / mo$329.00$329.00$329.00
Total monthly$2,246.50$2,637.38$2,615.49
Cash to close$83,618$31,500$31,500