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$195,256$195,256$324,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$128,744$0
Funding fee$0$0$0
Note rate3.97%3.97%7.24%
Blended rate4.82%6.084%7.48%
1st payment$1,143.39$1,143.39$2,208.05
2nd payment$0.00$858.29$0.00
Taxes / mo$144.42$144.42$144.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.26$170.26$64.80
HOA / mo$3.75$3.75$3.75
Total monthly$1,611.82$2,470.11$2,571.02
Cash to close$164,744$36,000$36,000