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$556,804$556,804$576,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$51,196$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.456%7.48%
1st payment$3,555.71$3,555.71$3,925.43
2nd payment$0.00$506.63$0.00
Taxes / mo$545.25$545.25$545.25
Insurance / mo$166.67$166.67$166.67
MI / mo$257.84$257.84$115.20
HOA / mo$125.00$125.00$125.00
Total monthly$4,650.46$5,157.09$4,877.55
Cash to close$83,196$32,000$64,000