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$18,201$18,201$297,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$278,799$0
Funding fee$0$0$0
Note rate6.54%6.54%7.24%
Blended rate7.09%7.71%7.48%
1st payment$122.86$122.86$2,024.05
2nd payment$0.00$1,800.58$0.00
Taxes / mo$196.17$196.17$196.17
Insurance / mo$150.00$150.00$150.00
MI / mo$8.56$8.56$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$477.59$2,278.17$2,429.62
Cash to close$311,799$33,000$33,000