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$237,731$237,731$292,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$54,769$0
Funding fee$0$0$0
Note rate2.81%2.81%7.24%
Blended rate3.66%4.66%7.48%
1st payment$1,130.29$1,130.29$1,993.38
2nd payment$0.00$410.77$0.00
Taxes / mo$191.33$191.33$191.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$58.50
HOA / mo$301.00$301.00$301.00
Total monthly$1,967.22$2,377.99$2,694.22
Cash to close$87,269$32,500$32,500