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$291,034$291,034$360,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$68,966$0
Funding fee$0$0$0
Note rate2.77%2.77%7.24%
Blended rate3.62%4.651%7.48%
1st payment$1,374.45$1,374.45$2,453.39
2nd payment$0.00$517.25$0.00
Taxes / mo$282.67$282.67$282.67
Insurance / mo$150.00$150.00$150.00
MI / mo$237.86$237.86$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,044.98$2,562.23$2,958.06
Cash to close$108,966$40,000$40,000