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$66,086$66,086$422,910
Remaining term (yrs)6.66.630.0
Secondary amount$0$356,824$0
Funding fee$0$0$0
Note rate4.25%4.25%7.24%
Blended rate5.1%7.336%7.48%
1st payment$939.92$939.92$2,882.12
2nd payment$0.00$2,304.49$0.00
Taxes / mo$252.00$252.00$252.00
Insurance / mo$166.67$166.67$166.67
MI / mo$135.34$135.34$84.58
HOA / mo$56.00$56.00$56.00
Total monthly$1,549.92$3,854.41$3,441.37
Cash to close$403,814$46,990$46,990