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$196,225$196,225$256,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$60,275$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.508%7.48%
1st payment$1,266.96$1,266.96$1,748.04
2nd payment$0.00$452.06$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.87$91.87$51.30
HOA / mo$66.58$66.58$66.58
Total monthly$1,729.08$2,181.14$2,169.59
Cash to close$88,775$28,500$28,500