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$110,386$110,386$286,200
Remaining term (yrs)17.517.530.0
Secondary amount$0$175,814$0
Funding fee$0$0$0
Note rate4.4%4.4%7.24%
Blended rate5.25%6.939%7.48%
1st payment$752.28$752.28$1,950.45
2nd payment$0.00$1,172.09$0.00
Taxes / mo$235.25$235.25$235.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$57.24
HOA / mo$319.00$319.00$319.00
Total monthly$1,562.94$2,735.04$2,711.94
Cash to close$207,614$31,800$31,800