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$193,364$193,364$247,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$54,136$0
Funding fee$0$0$0
Note rate3.6%3.6%7.24%
Blended rate4.45%5.445%7.48%
1st payment$1,031.21$1,031.21$1,686.71
2nd payment$0.00$406.02$0.00
Taxes / mo$206.00$206.00$206.00
Insurance / mo$150.00$150.00$150.00
MI / mo$160.66$160.66$49.50
HOA / mo$230.00$230.00$230.00
Total monthly$1,777.87$2,183.89$2,322.21
Cash to close$81,636$27,500$27,500