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$385,307$385,307$495,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$109,693$0
Funding fee$0$0$0
Note rate3.61%3.61%7.24%
Blended rate4.46%5.244%7.48%
1st payment$2,047.39$2,047.39$3,373.42
2nd payment$0.00$731.29$0.00
Taxes / mo$326.50$326.50$326.50
Insurance / mo$166.67$166.67$166.67
MI / mo$318.59$318.59$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,859.14$3,590.43$3,965.58
Cash to close$164,693$55,000$55,000