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$400,742$400,742$504,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$103,258$0
Funding fee$0$0$0
Note rate6.99%6.99%7.24%
Blended rate7.54%7.634%7.48%
1st payment$2,728.78$2,728.78$3,434.75
2nd payment$0.00$688.38$0.00
Taxes / mo$314.75$314.75$314.75
Insurance / mo$166.67$166.67$166.67
MI / mo$188.18$188.18$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,398.38$4,086.76$4,016.97
Cash to close$159,258$56,000$56,000