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$473,050$473,050$472,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$25,700$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.299%7.48%
1st payment$3,038.78$3,038.78$3,220.08
2nd payment$0.00$254.32$0.00
Taxes / mo$218.25$218.25$218.25
Insurance / mo$166.67$166.67$166.67
MI / mo$220.35$220.35$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,644.05$3,898.37$3,699.50
Cash to close$51,950$26,250$52,500