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$418,349$418,349$530,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$111,751$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.25%7.48%
1st payment$2,701.14$2,701.14$3,612.62
2nd payment$0.00$745.00$0.00
Taxes / mo$235.25$235.25$235.25
Insurance / mo$166.67$166.67$166.67
MI / mo$195.87$195.87$106.02
HOA / mo$65.00$65.00$65.00
Total monthly$3,363.93$4,108.93$4,185.56
Cash to close$170,651$58,900$58,900