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$284,291$284,291$400,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$116,209$0
Funding fee$0$0$0
Note rate2.68%2.68%7.24%
Blended rate3.53%4.827%7.48%
1st payment$1,323.16$1,323.16$2,729.40
2nd payment$0.00$774.73$0.00
Taxes / mo$236.83$236.83$236.83
Insurance / mo$150.00$150.00$150.00
MI / mo$231.68$231.68$80.10
HOA / mo$360.00$360.00$360.00
Total monthly$2,301.67$3,076.40$3,556.33
Cash to close$160,709$44,500$44,500