HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$502,516$502,516$504,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,484$0
Funding fee$0$0$0
Note rate6.96%6.96%7.24%
Blended rate7.51%7.752%7.48%
1st payment$3,446.91$3,446.91$3,434.75
2nd payment$0.00$291.77$0.00
Taxes / mo$304.83$304.83$304.83
Insurance / mo$166.67$166.67$166.67
MI / mo$238.42$238.42$100.80
HOA / mo$75.00$75.00$75.00
Total monthly$4,231.84$4,523.61$4,082.05
Cash to close$57,484$28,000$56,000