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$349,027$349,027$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$30,973$0
Funding fee$0$0$0
Note rate2.84%2.84%7.24%
Blended rate3.69%4.357%7.48%
1st payment$1,626.22$1,626.22$2,453.39
2nd payment$0.00$306.51$0.00
Taxes / mo$278.83$278.83$278.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.90$278.90$72.00
HOA / mo$259.00$259.00$259.00
Total monthly$2,592.95$2,899.46$3,213.23
Cash to close$50,973$20,000$40,000