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$71,575$71,575$450,000
Remaining term (yrs)7.37.330.0
Secondary amount$0$378,425$0
Funding fee$0$0$0
Note rate3.5%3.5%7.24%
Blended rate4.35%7.209%7.48%
1st payment$914.26$914.26$3,066.74
2nd payment$0.00$2,444.00$0.00
Taxes / mo$349.33$349.33$349.33
Insurance / mo$166.67$166.67$166.67
MI / mo$144.22$144.22$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,574.48$4,018.48$3,672.74
Cash to close$428,425$50,000$50,000