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$65,064$65,064$364,500
Remaining term (yrs)6.06.030.0
Secondary amount$0$299,436$0
Funding fee$0$0$0
Note rate4.5%4.5%7.24%
Blended rate5.35%7.322%7.48%
1st payment$1,020.50$1,020.50$2,484.06
2nd payment$0.00$1,933.86$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$150.00$150.00$150.00
MI / mo$142.66$142.66$72.90
HOA / mo$474.00$474.00$474.00
Total monthly$1,966.83$3,900.69$3,360.63
Cash to close$339,936$40,500$40,500