HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$331,272$306,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.24%
Blended rate7.05%7.48%
1st payment$2,141.14$2,085.38
2nd payment$0.00$0.00
Taxes / mo$222.17$222.17
Insurance / mo$150.00$150.00
MI / mo$155.26$61.20
HOA / mo$390.00$390.00
Total monthly$3,058.56$2,908.75
Cash to close$8,728$34,000