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$219,875$219,875$297,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$77,125$0
Funding fee$0$0$0
Note rate3.61%3.61%7.24%
Blended rate4.46%5.639%7.48%
1st payment$1,171.04$1,171.04$2,024.05
2nd payment$0.00$578.44$0.00
Taxes / mo$143.50$143.50$143.50
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.76$2,225.20$2,376.95
Cash to close$110,125$33,000$33,000