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$363,481$363,481$468,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$104,519$0
Funding fee$1,817$1,817$0
Note rate3.05%3.05%7.24%
Blended rate3.05%4.155%7.48%
1st payment$1,752.75$1,752.75$3,189.41
2nd payment$0.00$696.79$0.00
Taxes / mo$345.50$345.50$345.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,264.91$2,961.71$3,795.18
Cash to close$156,519$52,000$52,000