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$410,168$410,168$477,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$66,832$0
Funding fee$0$0$0
Note rate2.68%2.68%7.24%
Blended rate3.53%4.296%7.48%
1st payment$1,913.65$1,913.65$3,250.75
2nd payment$0.00$501.24$0.00
Taxes / mo$361.83$361.83$361.83
Insurance / mo$166.67$166.67$166.67
MI / mo$335.07$335.07$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,777.22$3,278.46$3,874.65
Cash to close$119,832$53,000$53,000