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$215,966$215,966$356,400
Remaining term (yrs)21.921.930.0
Secondary amount$0$140,434$0
Funding fee$0$0$0
Note rate4.55%4.55%7.24%
Blended rate5.4%6.424%7.48%
1st payment$1,296.11$1,296.11$2,428.86
2nd payment$0.00$936.23$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$150.00$150.00$150.00
MI / mo$180.14$180.14$71.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,759.91$2,696.14$2,783.81
Cash to close$180,034$39,600$39,600