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$107,563$107,563$450,000
Remaining term (yrs)13.213.230.0
Secondary amount$0$342,437$0
Funding fee$0$0$0
Note rate5%5%7.24%
Blended rate5.85%7.296%7.48%
1st payment$922.42$922.42$3,066.74
2nd payment$0.00$2,211.57$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$121.71$121.71$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,419.47$3,631.04$3,532.07
Cash to close$392,437$50,000$50,000