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$60,701$60,701$305,100
Remaining term (yrs)6.26.230.0
Secondary amount$0$244,399$0
Funding fee$0$0$0
Note rate5.88%5.88%7.24%
Blended rate6.73%7.547%7.48%
1st payment$958.56$958.56$2,079.25
2nd payment$0.00$1,578.41$0.00
Taxes / mo$239.67$239.67$239.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.72$114.72$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,462.95$3,041.36$2,529.94
Cash to close$278,299$33,900$33,900