HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$392,229$378,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.24%
Blended rate7.05%7.48%
1st payment$2,537.78$2,576.06
2nd payment$0.00$0.00
Taxes / mo$228.58$228.58
Insurance / mo$150.00$150.00
MI / mo$184.02$75.60
HOA / mo$0.00$0.00
Total monthly$3,100.39$3,030.25
Cash to close$27,771$42,000