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$418,484$418,484$508,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$90,016$0
Funding fee$0$0$0
Note rate7.79%7.79%7.24%
Blended rate8.34%8.457%7.48%
1st payment$3,091.70$3,091.70$3,465.42
2nd payment$0.00$675.12$0.00
Taxes / mo$478.67$478.67$478.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.03$197.03$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,934.07$4,609.19$4,212.45
Cash to close$146,516$56,500$56,500