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$22,298$22,298$400,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$378,202$0
Funding fee$0$0$0
Note rate7.09%7.09%7.24%
Blended rate7.64%7.744%7.48%
1st payment$159.67$159.67$2,729.40
2nd payment$0.00$2,442.55$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$150.00$150.00$150.00
MI / mo$10.55$10.55$80.10
HOA / mo$48.00$48.00$48.00
Total monthly$658.05$3,100.60$3,297.33
Cash to close$422,702$44,500$44,500