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$94,043$94,043$292,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$198,457$0
Funding fee$0$0$0
Note rate3.55%3.55%7.24%
Blended rate4.4%6.843%7.48%
1st payment$642.72$642.72$1,993.38
2nd payment$0.00$1,323.05$0.00
Taxes / mo$321.83$321.83$321.83
Insurance / mo$150.00$150.00$150.00
MI / mo$100.76$100.76$58.50
HOA / mo$230.00$230.00$230.00
Total monthly$1,445.31$2,768.35$2,753.72
Cash to close$230,957$32,500$32,500