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$254,816$254,816$400,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$145,684$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.55%7.077%7.48%
1st payment$1,538.63$1,538.63$2,729.40
2nd payment$0.00$971.23$0.00
Taxes / mo$204.50$204.50$204.50
Insurance / mo$150.00$150.00$150.00
MI / mo$117.62$117.62$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,010.76$2,981.98$3,164.00
Cash to close$190,184$44,500$44,500