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$63,289$63,289$323,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$259,811$0
Funding fee$0$0$0
Note rate3.11%3.11%7.24%
Blended rate3.96%7.008%7.48%
1st payment$301.77$301.77$2,201.92
2nd payment$0.00$1,677.95$0.00
Taxes / mo$167.83$167.83$167.83
Insurance / mo$150.00$150.00$150.00
MI / mo$49.99$49.99$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$669.59$2,347.54$2,584.37
Cash to close$295,711$35,900$35,900