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$409,850$409,850$647,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$238,060$0
Funding fee$0$0$0
Note rate3.02%3.02%7.24%
Blended rate3.87%5.296%7.48%
1st payment$1,965.47$1,965.47$4,415.49
2nd payment$0.00$1,537.47$0.00
Taxes / mo$335.50$335.50$335.50
Insurance / mo$216.67$216.67$216.67
MI / mo$329.37$329.37$129.58
HOA / mo$58.00$58.00$58.00
Total monthly$2,905.00$4,442.48$5,155.24
Cash to close$310,050$71,990$71,990