HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$349,839$349,839$360,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$30,161$0
Funding fee$0$0$0
Note rate7.22%7.22%7.24%
Blended rate7.77%8.096%7.48%
1st payment$2,437.55$2,437.55$2,453.39
2nd payment$0.00$298.47$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,904.39$3,202.86$2,827.98
Cash to close$50,161$20,000$40,000