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$28,800$28,800$225,000
Remaining term (yrs)17.417.430.0
Secondary amount$0$196,200$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.85%7.853%7.48%
1st payment$221.83$221.83$1,533.37
2nd payment$0.00$1,308.00$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$26.21$26.21$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$551.71$1,859.71$1,882.04
Cash to close$221,200$25,000$25,000