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$174,054$174,054$198,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$34,946$0
Funding fee$0$0$0
Note rate3.62%3.62%7.24%
Blended rate4.47%5.708%7.48%
1st payment$917.40$917.40$1,349.37
2nd payment$0.00$345.82$0.00
Taxes / mo$137.58$137.58$137.58
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.56$1,693.38$1,676.55
Cash to close$45,946$11,000$22,000