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$249,820$249,820$301,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$51,680$0
Funding fee$0$0$0
Note rate3.1%3.1%7.24%
Blended rate3.95%4.816%7.48%
1st payment$1,184.71$1,184.71$2,054.72
2nd payment$0.00$387.60$0.00
Taxes / mo$153.83$153.83$153.83
Insurance / mo$150.00$150.00$150.00
MI / mo$196.52$196.52$60.30
HOA / mo$340.00$340.00$340.00
Total monthly$2,025.07$2,412.67$2,758.85
Cash to close$85,180$33,500$33,500