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$243,065$243,065$387,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$143,935$0
Funding fee$0$0$0
Note rate2.94%2.94%7.24%
Blended rate3.79%5.356%7.48%
1st payment$1,152.91$1,152.91$2,637.40
2nd payment$0.00$959.57$0.00
Taxes / mo$178.50$178.50$178.50
Insurance / mo$150.00$150.00$150.00
MI / mo$195.19$195.19$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,676.60$2,636.17$3,043.30
Cash to close$186,935$43,000$43,000