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$305,770$305,770$414,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$108,230$0
Funding fee$0$0$0
Note rate4.65%4.65%7.24%
Blended rate5.5%6.154%7.48%
1st payment$1,847.98$1,847.98$2,821.40
2nd payment$0.00$721.53$0.00
Taxes / mo$288.33$288.33$288.33
Insurance / mo$166.67$166.67$166.67
MI / mo$253.86$253.86$82.80
HOA / mo$37.00$37.00$37.00
Total monthly$2,593.84$3,315.37$3,396.20
Cash to close$154,230$46,000$46,000