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$943,471$943,471$2,565,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$1,621,529$0
Funding fee$0$0$0
Note rate2.85%2.85%7.24%
Blended rate3.7%6.26%7.48%
1st payment$4,441.61$4,441.61$17,480.43
2nd payment$0.00$10,472.38$0.00
Taxes / mo$1,300.33$1,300.33$1,300.33
Insurance / mo$216.67$216.67$216.67
MI / mo$760.75$760.75$513.00
HOA / mo$228.33$228.33$228.33
Total monthly$6,947.69$17,420.06$19,738.76
Cash to close$1,906,529$285,000$285,000