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$167,385$167,385$503,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$336,525$0
Funding fee$0$0$0
Note rate3.16%3.16%7.24%
Blended rate4.01%6.508%7.48%
1st payment$831.84$831.84$3,434.14
2nd payment$0.00$2,173.39$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$166.67$166.67$166.67
MI / mo$136.94$136.94$100.78
HOA / mo$466.00$466.00$466.00
Total monthly$1,851.03$4,024.43$4,417.17
Cash to close$392,515$55,990$55,990