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$640,631$640,631$742,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$101,869$0
Funding fee$0$0$0
Note rate6.86%6.86%7.24%
Blended rate7.41%7.491%7.48%
1st payment$4,266.06$4,266.06$5,060.12
2nd payment$0.00$679.13$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$216.67$216.67$216.67
MI / mo$298.09$298.09$148.50
HOA / mo$60.00$60.00$60.00
Total monthly$5,349.15$6,028.28$5,993.62
Cash to close$184,369$82,500$82,500