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$53,383$53,383$283,050
Remaining term (yrs)6.66.630.0
Secondary amount$0$229,667$0
Funding fee$0$0$0
Note rate5.5%5.5%7.24%
Blended rate6.35%7.486%7.48%
1st payment$798.60$798.60$1,928.98
2nd payment$0.00$1,483.27$0.00
Taxes / mo$184.42$184.42$184.42
Insurance / mo$150.00$150.00$150.00
MI / mo$99.63$99.63$56.61
HOA / mo$367.00$367.00$367.00
Total monthly$1,599.64$3,082.90$2,687.01
Cash to close$261,117$31,450$31,450