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$282,735$282,735$332,550
Remaining term (yrs)28.228.230.0
Secondary amount$0$49,815$0
Funding fee$0$0$0
Note rate6.84%6.84%7.24%
Blended rate7.39%7.631%7.48%
1st payment$1,886.25$1,886.25$2,266.32
2nd payment$0.00$373.62$0.00
Taxes / mo$98.42$98.42$98.42
Insurance / mo$150.00$150.00$150.00
MI / mo$132.07$132.07$66.51
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.73$2,640.35$2,581.25
Cash to close$86,765$36,950$36,950