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$225,556$225,556$373,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$147,944$0
Funding fee$0$0$0
Note rate4.05%4.05%7.24%
Blended rate4.9%6.128%7.48%
1st payment$1,344.06$1,344.06$2,545.40
2nd payment$0.00$986.29$0.00
Taxes / mo$211.92$211.92$211.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,904.20$2,890.49$2,982.01
Cash to close$189,444$41,500$41,500