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$204,823$204,823$234,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$29,177$0
Funding fee$0$0$0
Note rate6.26%6.26%7.24%
Blended rate6.81%7.083%7.48%
1st payment$1,321.04$1,321.04$1,594.71
2nd payment$0.00$218.83$0.00
Taxes / mo$102.17$102.17$102.17
Insurance / mo$150.00$150.00$150.00
MI / mo$98.23$98.23$46.80
HOA / mo$298.00$298.00$298.00
Total monthly$1,969.44$2,188.26$2,191.67
Cash to close$55,177$26,000$26,000