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$0$0$130,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$130,500$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.35%8%7.48%
1st payment$0.00$0.00$889.36
2nd payment$0.00$870.00$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.10
HOA / mo$581.00$581.00$581.00
Total monthly$826.17$1,696.17$1,741.62
Cash to close$145,000$14,500$14,500