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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$155,124$155,124$450,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$294,876$0
Funding fee$776$776$0
Note rate3.49%3.49%7.24%
Blended rate3.49%6.281%7.48%
1st payment$1,051.46$1,051.46$3,066.74
2nd payment$0.00$1,904.41$0.00
Taxes / mo$245.50$245.50$245.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$40.00$40.00$40.00
Total monthly$1,503.63$3,408.03$3,608.91
Cash to close$344,876$50,000$50,000