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$421,410$421,410$504,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$82,590$0
Funding fee$0$0$0
Note rate3.07%3.07%7.24%
Blended rate3.92%4.752%7.48%
1st payment$2,004.88$2,004.88$3,434.75
2nd payment$0.00$619.42$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$166.67$166.67$166.67
MI / mo$333.84$333.84$100.80
HOA / mo$2.08$2.08$2.08
Total monthly$2,684.72$3,304.14$3,881.55
Cash to close$138,590$56,000$56,000