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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$457,653$457,653$720,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$262,347$0
Funding fee$2,288$2,288$0
Note rate2.89%2.89%7.24%
Blended rate2.89%4.661%7.48%
1st payment$2,194.66$2,194.66$4,906.79
2nd payment$0.00$1,694.33$0.00
Taxes / mo$601.25$601.25$601.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,012.58$4,706.90$5,868.70
Cash to close$342,347$80,000$80,000