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$392,621$392,621$495,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$102,379$0
Funding fee$0$0$0
Note rate2.86%2.86%7.24%
Blended rate3.71%4.597%7.48%
1st payment$1,881.27$1,881.27$3,373.42
2nd payment$0.00$682.53$0.00
Taxes / mo$548.50$548.50$548.50
Insurance / mo$166.67$166.67$166.67
MI / mo$321.81$321.81$99.00
HOA / mo$58.00$58.00$58.00
Total monthly$2,976.24$3,658.77$4,245.58
Cash to close$157,379$55,000$55,000