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$502,394$502,394$526,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$53,356$0
Funding fee$2,512$2,512$0
Note rate3.89%3.89%7.24%
Blended rate3.89%4.657%7.48%
1st payment$2,591.03$2,591.03$3,588.09
2nd payment$0.00$528.00$0.00
Taxes / mo$295.75$295.75$295.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,053.44$3,581.45$4,155.80
Cash to close$82,606$29,250$58,500