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$359,018$359,018$476,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$117,082$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.773%7.48%
1st payment$1,722.10$1,722.10$3,244.61
2nd payment$0.00$780.55$0.00
Taxes / mo$228.67$228.67$228.67
Insurance / mo$166.67$166.67$166.67
MI / mo$294.20$294.20$95.22
HOA / mo$330.00$330.00$330.00
Total monthly$2,741.63$3,522.18$4,065.17
Cash to close$169,982$52,900$52,900