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$21,952$21,952$202,500
Remaining term (yrs)4.14.130.0
Secondary amount$0$180,548$0
Funding fee$0$0$0
Note rate7.88%7.88%7.24%
Blended rate8.73%8.079%7.48%
1st payment$516.49$516.49$1,380.03
2nd payment$0.00$1,203.65$0.00
Taxes / mo$49.83$49.83$49.83
Insurance / mo$150.00$150.00$150.00
MI / mo$50.43$50.43$40.50
HOA / mo$250.00$250.00$250.00
Total monthly$1,016.76$2,220.41$1,870.37
Cash to close$203,048$22,500$22,500