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$83,601$83,601$292,410
Remaining term (yrs)16.416.430.0
Secondary amount$0$208,809$0
Funding fee$0$0$0
Note rate3.4%3.4%7.24%
Blended rate4.25%6.749%7.48%
1st payment$552.26$552.26$1,992.77
2nd payment$0.00$1,348.56$0.00
Taxes / mo$150.08$150.08$150.08
Insurance / mo$150.00$150.00$150.00
MI / mo$88.21$88.21$58.48
HOA / mo$150.00$150.00$150.00
Total monthly$1,090.55$2,439.11$2,501.33
Cash to close$241,299$32,490$32,490