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$51,238$51,238$224,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$173,672$0
Funding fee$0$0$0
Note rate5.62%5.62%7.24%
Blended rate6.47%7.651%7.48%
1st payment$467.74$467.74$1,532.76
2nd payment$0.00$1,157.81$0.00
Taxes / mo$180.08$180.08$180.08
Insurance / mo$150.00$150.00$150.00
MI / mo$57.59$57.59$44.98
HOA / mo$500.00$500.00$500.00
Total monthly$1,355.41$2,513.22$2,407.82
Cash to close$198,662$24,990$24,990