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$258,317$258,317$292,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$34,093$0
Funding fee$0$0$0
Note rate2.99%2.99%7.24%
Blended rate3.84%4.442%7.48%
1st payment$1,260.98$1,260.98$1,992.77
2nd payment$0.00$255.70$0.00
Taxes / mo$329.00$329.00$329.00
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$58.48
HOA / mo$407.00$407.00$407.00
Total monthly$2,359.11$2,614.81$2,937.25
Cash to close$66,583$32,490$32,490