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$281,424$281,424$292,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,326$0
Funding fee$0$0$0
Note rate5.23%5.23%7.24%
Blended rate6.08%6.593%7.48%
1st payment$1,659.40$1,659.40$1,993.38
2nd payment$0.00$270.41$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$58.50
HOA / mo$200.00$200.00$200.00
Total monthly$2,396.57$2,666.98$2,575.72
Cash to close$43,576$16,250$32,500