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$213,259$213,259$286,627
Remaining term (yrs)23.723.730.0
Secondary amount$0$73,367$0
Funding fee$0$0$0
Note rate3.15%3.15%7.24%
Blended rate4%5.28%7.48%
1st payment$1,063.70$1,063.70$1,953.35
2nd payment$0.00$550.25$0.00
Taxes / mo$240.42$240.42$240.42
Insurance / mo$150.00$150.00$150.00
MI / mo$175.33$175.33$57.33
HOA / mo$165.00$165.00$165.00
Total monthly$1,794.44$2,344.70$2,566.10
Cash to close$105,215$31,847$31,847