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$220,293$220,293$350,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$130,707$0
Funding fee$0$0$0
Note rate3.69%3.69%7.24%
Blended rate4.54%5.828%7.48%
1st payment$1,182.64$1,182.64$2,392.05
2nd payment$0.00$871.38$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,710.45$2,581.82$2,807.84
Cash to close$169,706$39,000$39,000