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$384,984$384,984$450,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$65,016$0
Funding fee$0$0$0
Note rate3.16%3.16%7.24%
Blended rate4.01%4.731%7.48%
1st payment$1,913.24$1,913.24$3,066.74
2nd payment$0.00$487.62$0.00
Taxes / mo$281.25$281.25$281.25
Insurance / mo$166.67$166.67$166.67
MI / mo$314.96$314.96$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,676.11$3,163.73$3,604.66
Cash to close$115,016$50,000$50,000