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$85,437$85,437$225,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$139,563$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.639%7.48%
1st payment$546.66$546.66$1,533.37
2nd payment$0.00$930.42$0.00
Taxes / mo$20.83$20.83$20.83
Insurance / mo$150.00$150.00$150.00
MI / mo$39.64$39.64$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$757.13$1,687.55$1,749.20
Cash to close$164,563$25,000$25,000