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$316,107$316,107$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$88,893$0
Funding fee$0$0$0
Note rate2.83%2.83%7.24%
Blended rate3.68%4.848%7.48%
1st payment$1,506.16$1,506.16$2,760.07
2nd payment$0.00$666.70$0.00
Taxes / mo$471.83$471.83$471.83
Insurance / mo$150.00$150.00$150.00
MI / mo$258.64$258.64$81.00
HOA / mo$75.00$75.00$75.00
Total monthly$2,461.63$3,128.33$3,537.90
Cash to close$133,893$45,000$45,000