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$313,675$313,675$346,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$32,825$0
Funding fee$0$0$0
Note rate6.71%6.71%7.24%
Blended rate7.26%7.425%7.48%
1st payment$2,103.19$2,103.19$2,361.39
2nd payment$0.00$246.19$0.00
Taxes / mo$130.92$130.92$130.92
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,533.34$2,779.53$2,711.61
Cash to close$71,325$38,500$38,500