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$48,381$48,381$257,400
Remaining term (yrs)12.112.130.0
Secondary amount$0$209,019$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.35%7.675%7.48%
1st payment$480.35$480.35$1,754.18
2nd payment$0.00$1,349.91$0.00
Taxes / mo$170.00$170.00$170.00
Insurance / mo$150.00$150.00$150.00
MI / mo$53.83$53.83$51.48
HOA / mo$390.00$390.00$390.00
Total monthly$1,244.18$2,594.10$2,515.66
Cash to close$237,619$28,600$28,600