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$246,138$246,138$269,991
Remaining term (yrs)24.124.130.0
Secondary amount$0$38,852$0
Funding fee$0$0$0
Note rate2.84%2.84%7.24%
Blended rate3.69%4.806%7.48%
1st payment$1,174.04$1,174.04$1,839.98
2nd payment$0.00$384.47$0.00
Taxes / mo$181.58$181.58$181.58
Insurance / mo$150.00$150.00$150.00
MI / mo$201.35$201.35$54.00
HOA / mo$462.00$462.00$462.00
Total monthly$2,168.97$2,553.45$2,687.57
Cash to close$53,852$15,000$29,999