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$270,656$270,656$283,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,594$0
Funding fee$0$0$0
Note rate5.23%5.23%7.24%
Blended rate6.08%6.634%7.48%
1st payment$1,595.90$1,595.90$1,932.05
2nd payment$0.00$282.96$0.00
Taxes / mo$132.75$132.75$132.75
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,083.83$2,366.79$2,271.50
Cash to close$44,344$15,750$31,500