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$270,058$270,058$342,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$71,942$0
Funding fee$0$0$0
Note rate3.66%3.66%7.24%
Blended rate4.51%5.454%7.48%
1st payment$1,438.89$1,438.89$2,330.72
2nd payment$0.00$539.56$0.00
Taxes / mo$182.50$182.50$182.50
Insurance / mo$150.00$150.00$150.00
MI / mo$222.53$222.53$68.40
HOA / mo$460.00$460.00$460.00
Total monthly$2,453.92$2,993.48$3,191.62
Cash to close$109,942$38,000$38,000