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$288,156$288,156$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$116,844$0
Funding fee$0$0$0
Note rate2.81%2.81%7.24%
Blended rate3.66%4.912%7.48%
1st payment$1,370.04$1,370.04$2,760.07
2nd payment$0.00$778.96$0.00
Taxes / mo$412.83$412.83$412.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.87$235.87$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,168.74$2,947.70$3,403.90
Cash to close$161,844$45,000$45,000