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$160,886$160,886$472,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$311,614$0
Funding fee$0$0$0
Note rate6.62%6.62%7.24%
Blended rate7.47%7.655%7.48%
1st payment$1,600.43$1,600.43$3,220.08
2nd payment$0.00$2,012.51$0.00
Taxes / mo$198.42$198.42$198.42
Insurance / mo$166.67$166.67$166.67
MI / mo$177.14$177.14$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,142.65$4,155.16$3,679.66
Cash to close$364,114$52,500$52,500