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$241,139$241,139$274,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$33,361$0
Funding fee$0$0$0
Note rate2.89%2.89%7.24%
Blended rate3.74%4.379%7.48%
1st payment$1,159.14$1,159.14$1,870.71
2nd payment$0.00$250.20$0.00
Taxes / mo$207.08$207.08$207.08
Insurance / mo$150.00$150.00$150.00
MI / mo$197.52$197.52$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,713.74$1,963.95$2,282.70
Cash to close$63,861$30,500$30,500