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$231,857$231,857$423,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$191,143$0
Funding fee$0$0$0
Note rate3.02%3.02%7.24%
Blended rate3.87%5.736%7.48%
1st payment$1,135.41$1,135.41$2,882.74
2nd payment$0.00$1,274.28$0.00
Taxes / mo$196.33$196.33$196.33
Insurance / mo$166.67$166.67$166.67
MI / mo$190.27$190.27$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.68$2,962.97$3,330.34
Cash to close$238,143$47,000$47,000