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$511,061$511,061$540,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$28,939$0
Funding fee$0$0$0
Note rate6.96%6.96%7.24%
Blended rate7.51%7.59%7.48%
1st payment$3,446.58$3,446.58$3,680.09
2nd payment$0.00$217.04$0.00
Taxes / mo$215.50$215.50$215.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.40$238.40$108.00
HOA / mo$52.00$52.00$52.00
Total monthly$4,119.15$4,336.19$4,222.26
Cash to close$88,939$60,000$60,000