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$149,394$149,394$360,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$210,606$0
Funding fee$0$0$0
Note rate3.56%3.56%7.24%
Blended rate4.41%6.364%7.48%
1st payment$791.70$791.70$2,453.39
2nd payment$0.00$1,360.16$0.00
Taxes / mo$244.42$244.42$244.42
Insurance / mo$150.00$150.00$150.00
MI / mo$123.96$123.96$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,310.08$2,670.24$2,919.81
Cash to close$250,606$40,000$40,000