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$267,717$267,717$405,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$137,283$0
Funding fee$0$0$0
Note rate3.31%3.31%7.24%
Blended rate4.16%5.462%7.48%
1st payment$1,360.85$1,360.85$2,760.07
2nd payment$0.00$915.22$0.00
Taxes / mo$206.00$206.00$206.00
Insurance / mo$150.00$150.00$150.00
MI / mo$219.82$219.82$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,936.67$2,851.89$3,197.07
Cash to close$182,283$45,000$45,000