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$465,974$465,974$522,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$56,026$0
Funding fee$0$0$0
Note rate2.78%2.78%7.24%
Blended rate3.63%4.206%7.48%
1st payment$2,161.75$2,161.75$3,557.42
2nd payment$0.00$420.20$0.00
Taxes / mo$371.92$371.92$371.92
Insurance / mo$166.67$166.67$166.67
MI / mo$373.63$373.63$104.40
HOA / mo$95.00$95.00$95.00
Total monthly$3,168.96$3,589.15$4,295.40
Cash to close$114,026$58,000$58,000