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$373,509$373,509$405,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,491$0
Funding fee$0$0$0
Note rate6.96%6.96%7.24%
Blended rate7.51%7.626%7.48%
1st payment$2,562.01$2,562.01$2,760.07
2nd payment$0.00$236.18$0.00
Taxes / mo$316.00$316.00$316.00
Insurance / mo$150.00$150.00$150.00
MI / mo$177.21$177.21$81.00
HOA / mo$28.33$28.33$28.33
Total monthly$3,233.56$3,469.74$3,335.40
Cash to close$76,491$45,000$45,000