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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$289,508$289,508$576,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$286,492$0
Funding fee$1,448$1,448$0
Note rate4.1%4.1%7.24%
Blended rate4.1%5.915%7.48%
1st payment$1,732.85$1,732.85$3,925.43
2nd payment$0.00$1,850.26$0.00
Taxes / mo$554.58$554.58$554.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$75.00$75.00$75.00
Total monthly$2,529.10$4,379.36$4,836.88
Cash to close$350,492$64,000$64,000