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$390,550$390,550$404,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$36,000$0
Funding fee$0$0$0
Note rate2.93%2.93%7.24%
Blended rate3.78%4.463%7.48%
1st payment$1,846.21$1,846.21$2,753.93
2nd payment$0.00$356.25$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$312.98$312.98$80.82
HOA / mo$36.67$36.67$36.67
Total monthly$2,645.86$3,002.11$3,321.42
Cash to close$58,450$22,450$44,900