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$134,775$134,775$296,910
Remaining term (yrs)9.89.830.0
Secondary amount$0$162,135$0
Funding fee$0$0$0
Note rate2.15%2.15%7.24%
Blended rate3%5.73%7.48%
1st payment$1,258.60$1,258.60$2,023.44
2nd payment$0.00$1,080.90$0.00
Taxes / mo$201.50$201.50$201.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.06$137.06$59.38
HOA / mo$265.00$265.00$265.00
Total monthly$2,012.16$3,093.06$2,699.32
Cash to close$195,125$32,990$32,990