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$395,650$395,650$621,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$225,350$0
Funding fee$0$0$0
Note rate3.62%3.62%7.24%
Blended rate4.47%5.66%7.48%
1st payment$2,085.39$2,085.39$4,232.10
2nd payment$0.00$1,455.38$0.00
Taxes / mo$379.50$379.50$379.50
Insurance / mo$166.67$166.67$166.67
MI / mo$324.10$324.10$124.20
HOA / mo$35.00$35.00$35.00
Total monthly$2,990.66$4,446.04$4,937.47
Cash to close$294,350$69,000$69,000