HQ Homes
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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$291,934$291,934$309,600
Remaining term (yrs)26.026.030.0
Secondary amount$0$34,866$0
Funding fee$0$0$0
Note rate6.11%6.11%7.24%
Blended rate6.96%7.484%7.48%
1st payment$1,867.37$1,867.37$2,109.92
2nd payment$0.00$345.03$0.00
Taxes / mo$128.00$128.00$128.00
Insurance / mo$150.00$150.00$150.00
MI / mo$218.04$218.04$61.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,363.41$2,708.44$2,449.84
Cash to close$52,066$17,200$34,400