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$463,047$463,047$652,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$189,453$0
Funding fee$0$0$0
Note rate3.73%3.73%7.24%
Blended rate4.58%5.573%7.48%
1st payment$2,513.02$2,513.02$4,446.78
2nd payment$0.00$1,263.02$0.00
Taxes / mo$343.75$343.75$343.75
Insurance / mo$216.67$216.67$216.67
MI / mo$385.31$385.31$130.50
HOA / mo$25.00$25.00$25.00
Total monthly$3,483.74$4,746.76$5,162.69
Cash to close$261,953$72,500$72,500