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$118,941$118,941$404,100
Remaining term (yrs)15.715.730.0
Secondary amount$0$285,159$0
Funding fee$595$595$0
Note rate3.8%3.8%7.24%
Blended rate3.8%6.587%7.48%
1st payment$834.06$834.06$2,753.93
2nd payment$0.00$1,841.65$0.00
Taxes / mo$212.00$212.00$212.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$32.67$32.67$32.67
Total monthly$1,228.73$3,070.38$3,229.42
Cash to close$330,059$44,900$44,900