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$495,493$495,493$526,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$31,007$0
Funding fee$0$0$0
Note rate4.62%4.62%7.24%
Blended rate5.17%5.396%7.48%
1st payment$2,700.24$2,700.24$3,588.09
2nd payment$0.00$232.55$0.00
Taxes / mo$565.50$565.50$565.50
Insurance / mo$166.67$166.67$166.67
MI / mo$240.85$240.85$105.30
HOA / mo$78.33$78.33$78.33
Total monthly$3,751.59$3,984.14$4,503.88
Cash to close$89,507$58,500$58,500