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$63,306$63,306$350,100
Remaining term (yrs)12.912.930.0
Secondary amount$0$286,794$0
Funding fee$0$0$0
Note rate5.12%5.12%7.24%
Blended rate5.97%7.428%7.48%
1st payment$556.56$556.56$2,385.92
2nd payment$0.00$1,852.21$0.00
Taxes / mo$218.42$218.42$218.42
Insurance / mo$150.00$150.00$150.00
MI / mo$72.45$72.45$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$997.43$2,849.64$2,824.36
Cash to close$325,694$38,900$38,900