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$221,825$221,825$360,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$138,175$0
Funding fee$0$0$0
Note rate2.77%2.77%7.24%
Blended rate3.62%5.301%7.48%
1st payment$1,027.96$1,027.96$2,453.39
2nd payment$0.00$921.17$0.00
Taxes / mo$171.17$171.17$171.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.90$177.90$72.00
HOA / mo$454.00$454.00$454.00
Total monthly$1,981.02$2,902.19$3,300.56
Cash to close$178,175$40,000$40,000