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$64,756$64,756$369,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$304,244$0
Funding fee$0$0$0
Note rate5.95%5.95%7.24%
Blended rate6.8%7.583%7.48%
1st payment$926.72$926.72$2,514.73
2nd payment$0.00$1,964.91$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$110.08$110.08$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.97$3,376.88$2,963.69
Cash to close$345,244$41,000$41,000