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$378,665$378,665$418,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,835$0
Funding fee$0$0$0
Note rate3.12%3.12%7.24%
Blended rate3.97%4.449%7.48%
1st payment$1,807.50$1,807.50$2,852.07
2nd payment$0.00$298.77$0.00
Taxes / mo$242.25$242.25$242.25
Insurance / mo$166.67$166.67$166.67
MI / mo$299.07$299.07$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,515.48$2,814.25$3,344.69
Cash to close$86,335$46,500$46,500