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$36,197$36,197$216,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$179,803$0
Funding fee$0$0$0
Note rate5.81%5.81%7.24%
Blended rate6.66%7.775%7.48%
1st payment$541.28$541.28$1,472.04
2nd payment$0.00$1,198.69$0.00
Taxes / mo$75.83$75.83$75.83
Insurance / mo$150.00$150.00$150.00
MI / mo$65.27$65.27$43.20
HOA / mo$292.00$292.00$292.00
Total monthly$1,124.39$2,323.07$2,033.07
Cash to close$203,803$24,000$24,000