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$340,222$340,222$360,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$39,778$0
Funding fee$0$0$0
Note rate6.91%6.91%7.24%
Blended rate7.46%7.922%7.48%
1st payment$2,285.42$2,285.42$2,453.39
2nd payment$0.00$393.63$0.00
Taxes / mo$88.42$88.42$88.42
Insurance / mo$150.00$150.00$150.00
MI / mo$158.89$158.89$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,682.72$3,076.35$2,763.81
Cash to close$59,778$20,000$40,000