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$54,208$54,208$346,500
Remaining term (yrs)5.65.630.0
Secondary amount$0$292,292$0
Funding fee$0$0$0
Note rate6.89%6.89%7.24%
Blended rate7.74%7.748%7.48%
1st payment$965.17$965.17$2,361.39
2nd payment$0.00$1,887.72$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$103.91$103.91$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,363.24$3,250.96$2,724.86
Cash to close$330,792$38,500$38,500