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$23,338$23,338$463,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$440,162$0
Funding fee$0$0$0
Note rate6.81%6.81%7.24%
Blended rate7.36%7.73%7.48%
1st payment$162.97$162.97$3,158.74
2nd payment$0.00$2,842.71$0.00
Taxes / mo$342.17$342.17$342.17
Insurance / mo$166.67$166.67$166.67
MI / mo$10.91$10.91$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$682.71$3,525.42$3,760.28
Cash to close$491,662$51,500$51,500