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$268,475$268,475$585,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$316,525$0
Funding fee$0$0$0
Note rate4.2%4.2%7.24%
Blended rate5.05%6.511%7.48%
1st payment$1,638.02$1,638.02$3,986.76
2nd payment$0.00$2,044.23$0.00
Taxes / mo$322.75$322.75$322.75
Insurance / mo$166.67$166.67$166.67
MI / mo$237.26$237.26$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.70$4,408.93$4,593.18
Cash to close$381,525$65,000$65,000