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$87,405$87,405$301,500
Remaining term (yrs)0.90.930.0
Secondary amount$0$214,095$0
Funding fee$0$0$0
Note rate0%0%7.24%
Blended rate0.85%5.75%7.48%
1st payment$242.79$242.79$2,054.72
2nd payment$0.00$1,382.70$0.00
Taxes / mo$212.25$212.25$212.25
Insurance / mo$150.00$150.00$150.00
MI / mo$61.91$61.91$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$666.95$2,049.65$2,477.27
Cash to close$247,595$33,500$33,500