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$343,987$343,987$360,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$36,013$0
Funding fee$0$0$0
Note rate2.75%2.75%7.24%
Blended rate3.6%4.384%7.48%
1st payment$1,572.33$1,572.33$2,453.39
2nd payment$0.00$356.38$0.00
Taxes / mo$501.58$501.58$501.58
Insurance / mo$0.00$0.00$0.00
MI / mo$272.81$272.81$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,346.73$2,703.11$3,026.98
Cash to close$56,013$20,000$40,000