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$320,895$320,895$436,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$115,605$0
Funding fee$0$0$0
Note rate3.21%3.21%7.24%
Blended rate4.06%5.103%7.48%
1st payment$1,606.84$1,606.84$2,974.74
2nd payment$0.00$770.70$0.00
Taxes / mo$301.75$301.75$301.75
Insurance / mo$166.67$166.67$166.67
MI / mo$262.85$262.85$87.30
HOA / mo$150.00$150.00$150.00
Total monthly$2,488.10$3,258.80$3,680.46
Cash to close$164,105$48,500$48,500