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$99,635$99,635$206,550
Remaining term (yrs)29.629.630.0
Secondary amount$0$106,915$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.542%7.48%
1st payment$632.07$632.07$1,407.63
2nd payment$0.00$712.76$0.00
Taxes / mo$48.58$48.58$48.58
Insurance / mo$150.00$150.00$150.00
MI / mo$45.83$45.83$41.31
HOA / mo$568.00$568.00$568.00
Total monthly$1,444.48$2,157.25$2,215.53
Cash to close$129,865$22,950$22,950