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$142,920$142,920$193,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$50,580$0
Funding fee$0$0$0
Note rate3.03%3.03%7.24%
Blended rate3.88%5.218%7.48%
1st payment$702.29$702.29$1,318.70
2nd payment$0.00$379.35$0.00
Taxes / mo$76.33$76.33$76.33
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,046.16$1,425.52$1,583.73
Cash to close$72,080$21,500$21,500