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$409,932$409,932$490,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$80,568$0
Funding fee$0$0$0
Note rate6.43%6.43%7.24%
Blended rate6.98%7.312%7.48%
1st payment$2,681.50$2,681.50$3,342.75
2nd payment$0.00$604.26$0.00
Taxes / mo$332.17$332.17$332.17
Insurance / mo$166.67$166.67$166.67
MI / mo$195.87$195.87$98.10
HOA / mo$95.67$95.67$95.67
Total monthly$3,471.87$4,076.13$4,035.35
Cash to close$135,068$54,500$54,500