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$541,134$541,134$652,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$111,366$0
Funding fee$0$0$0
Note rate2.875%2.875%7.24%
Blended rate3.725%4.455%7.48%
1st payment$2,519.62$2,519.62$4,446.78
2nd payment$0.00$742.44$0.00
Taxes / mo$557.25$557.25$557.25
Insurance / mo$216.67$216.67$216.67
MI / mo$430.17$430.17$130.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,823.70$4,566.15$5,451.19
Cash to close$183,866$72,500$72,500