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$471,136$471,136$472,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$27,614$0
Funding fee$0$0$0
Note rate6.3%6.3%7.24%
Blended rate6.85%7.128%7.48%
1st payment$2,947.49$2,947.49$3,220.08
2nd payment$0.00$273.26$0.00
Taxes / mo$316.50$316.50$316.50
Insurance / mo$166.67$166.67$166.67
MI / mo$218.25$218.25$94.50
HOA / mo$48.00$48.00$48.00
Total monthly$3,696.91$3,970.17$3,845.75
Cash to close$53,864$26,250$52,500