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$82,512$82,512$283,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$200,988$0
Funding fee$0$0$0
Note rate3.34%3.34%7.24%
Blended rate4.19%6.714%7.48%
1st payment$548.88$548.88$1,932.05
2nd payment$0.00$1,298.05$0.00
Taxes / mo$229.25$229.25$229.25
Insurance / mo$150.00$150.00$150.00
MI / mo$88.33$88.33$56.70
HOA / mo$267.00$267.00$267.00
Total monthly$1,283.45$2,581.50$2,635.00
Cash to close$232,488$31,500$31,500