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$580,974$580,974$593,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$45,931$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.404%7.48%
1st payment$3,717.29$3,717.29$4,047.49
2nd payment$0.00$454.52$0.00
Taxes / mo$198.42$198.42$198.42
Insurance / mo$166.67$166.67$166.67
MI / mo$269.55$269.55$118.78
HOA / mo$2.08$2.08$2.08
Total monthly$4,354.00$4,808.53$4,533.43
Cash to close$78,926$32,995$65,990