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$306,286$306,286$315,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$26,214$0
Funding fee$0$0$0
Note rate2.625%2.625%7.24%
Blended rate3.475%4.137%7.48%
1st payment$1,400.03$1,400.03$2,146.72
2nd payment$0.00$259.41$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,974.19$2,233.59$2,536.97
Cash to close$43,714$17,500$35,000