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$306,838$306,838$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,662$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.2%7.48%
1st payment$1,434.40$1,434.40$2,300.06
2nd payment$0.00$229.97$0.00
Taxes / mo$439.42$439.42$439.42
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,268.86$2,498.83$2,956.97
Cash to close$68,162$37,500$37,500