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$23,079$23,079$342,000
Remaining term (yrs)3.03.030.0
Secondary amount$0$318,921$0
Funding fee$0$0$0
Note rate7.85%7.85%7.24%
Blended rate8.7%7.814%7.48%
1st payment$704.31$704.31$2,330.72
2nd payment$0.00$2,059.70$0.00
Taxes / mo$234.67$234.67$234.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.97$68.97$68.40
HOA / mo$308.00$308.00$308.00
Total monthly$1,465.95$3,525.65$3,091.79
Cash to close$356,921$38,000$38,000