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$303,297$303,297$576,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$272,703$0
Funding fee$0$0$0
Note rate3.75%3.75%7.24%
Blended rate4.6%6.091%7.48%
1st payment$1,649.27$1,649.27$3,925.43
2nd payment$0.00$1,761.21$0.00
Taxes / mo$297.17$297.17$297.17
Insurance / mo$166.67$166.67$166.67
MI / mo$252.26$252.26$115.20
HOA / mo$48.00$48.00$48.00
Total monthly$2,413.36$4,174.56$4,552.46
Cash to close$336,703$64,000$64,000