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$303,152$303,152$359,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$55,948$0
Funding fee$0$0$0
Note rate2.52%2.52%7.24%
Blended rate3.37%4.247%7.48%
1st payment$1,400.35$1,400.35$2,447.26
2nd payment$0.00$419.61$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$0.00$0.00$0.00
MI / mo$250.38$250.38$71.82
HOA / mo$400.00$400.00$400.00
Total monthly$2,292.39$2,712.00$3,160.75
Cash to close$95,848$39,900$39,900