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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$354,498$354,498$442,800
Remaining term (yrs)23.623.630.0
Secondary amount$0$88,302$0
Funding fee$1,772$1,772$0
Note rate3%3%7.24%
Blended rate3%4.197%7.48%
1st payment$1,744.85$1,744.85$3,017.67
2nd payment$0.00$662.26$0.00
Taxes / mo$470.17$470.17$470.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.56
HOA / mo$0.00$0.00$0.00
Total monthly$2,381.69$3,043.95$3,743.07
Cash to close$137,502$49,200$49,200