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$356,576$356,576$450,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$93,424$0
Funding fee$0$0$0
Note rate2.83%2.83%7.24%
Blended rate3.68%4.784%7.48%
1st payment$1,698.98$1,698.98$3,066.74
2nd payment$0.00$700.68$0.00
Taxes / mo$228.50$228.50$228.50
Insurance / mo$166.67$166.67$166.67
MI / mo$291.75$291.75$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,385.90$3,086.59$3,551.91
Cash to close$143,424$50,000$50,000