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$386,011$386,011$427,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$41,489$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.232%7.48%
1st payment$1,808.65$1,808.65$2,913.40
2nd payment$0.00$311.17$0.00
Taxes / mo$395.25$395.25$395.25
Insurance / mo$166.67$166.67$166.67
MI / mo$308.98$308.98$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,679.55$2,990.71$3,560.82
Cash to close$88,989$47,500$47,500