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$291,708$291,708$337,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$45,792$0
Funding fee$0$0$0
Note rate3.1%3.1%7.24%
Blended rate3.95%4.635%7.48%
1st payment$1,386.35$1,386.35$2,300.06
2nd payment$0.00$343.44$0.00
Taxes / mo$348.17$348.17$348.17
Insurance / mo$150.00$150.00$150.00
MI / mo$229.97$229.97$67.50
HOA / mo$95.00$95.00$95.00
Total monthly$2,209.49$2,552.92$2,960.72
Cash to close$83,292$37,500$37,500