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$411,308$411,308$495,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$83,692$0
Funding fee$0$0$0
Note rate2.8%2.8%7.24%
Blended rate3.65%4.555%7.48%
1st payment$1,912.36$1,912.36$3,373.42
2nd payment$0.00$627.69$0.00
Taxes / mo$238.83$238.83$238.83
Insurance / mo$166.67$166.67$166.67
MI / mo$329.67$329.67$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,647.53$3,275.22$3,877.92
Cash to close$138,692$55,000$55,000