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$17,440$17,440$270,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$252,560$0
Funding fee$0$0$0
Note rate6.91%6.91%7.24%
Blended rate7.46%7.731%7.48%
1st payment$119.84$119.84$1,840.04
2nd payment$0.00$1,631.12$0.00
Taxes / mo$117.08$117.08$117.08
Insurance / mo$150.00$150.00$150.00
MI / mo$8.15$8.15$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$395.07$2,026.19$2,161.13
Cash to close$282,560$30,000$30,000