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$68,701$68,701$373,500
Remaining term (yrs)6.96.930.0
Secondary amount$0$304,799$0
Funding fee$0$0$0
Note rate4.75%4.75%7.24%
Blended rate5.6%7.355%7.48%
1st payment$962.96$962.96$2,545.40
2nd payment$0.00$1,968.49$0.00
Taxes / mo$238.25$238.25$238.25
Insurance / mo$150.00$150.00$150.00
MI / mo$130.76$130.76$74.70
HOA / mo$345.00$345.00$345.00
Total monthly$1,826.97$3,795.46$3,353.35
Cash to close$346,299$41,500$41,500