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$13,960$13,960$450,000
Remaining term (yrs)1.31.330.0
Secondary amount$0$436,040$0
Funding fee$0$0$0
Note rate6.89%6.89%7.24%
Blended rate7.74%7.75%7.48%
1st payment$864.27$864.27$3,066.74
2nd payment$0.00$2,816.09$0.00
Taxes / mo$236.00$236.00$236.00
Insurance / mo$166.67$166.67$166.67
MI / mo$93.05$93.05$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.99$4,176.08$3,559.41
Cash to close$486,040$50,000$50,000