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$561,718$561,718$683,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$121,382$0
Funding fee$0$0$0
Note rate2.9%2.9%7.24%
Blended rate3.75%4.505%7.48%
1st payment$2,611.00$2,611.00$4,655.31
2nd payment$0.00$809.21$0.00
Taxes / mo$603.17$603.17$603.17
Insurance / mo$216.67$216.67$216.67
MI / mo$444.34$444.34$136.62
HOA / mo$25.00$25.00$25.00
Total monthly$3,900.17$4,709.39$5,636.77
Cash to close$197,282$75,900$75,900