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$597,821$597,821$1,080,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$482,179$0
Funding fee$2,989$2,989$0
Note rate6.52%6.52%7.24%
Blended rate6.52%7.069%7.48%
1st payment$3,800.30$3,800.30$7,360.18
2nd payment$0.00$3,114.07$0.00
Taxes / mo$447.83$447.83$447.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,464.80$7,578.88$8,240.68
Cash to close$602,179$120,000$120,000