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$32,153$32,153$504,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$471,847$0
Funding fee$0$0$0
Note rate6.64%6.64%7.24%
Blended rate7.19%7.714%7.48%
1st payment$217.70$217.70$3,434.75
2nd payment$0.00$3,047.34$0.00
Taxes / mo$369.17$369.17$369.17
Insurance / mo$166.67$166.67$166.67
MI / mo$15.02$15.02$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$768.55$3,815.89$4,071.38
Cash to close$527,847$56,000$56,000