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$263,847$263,847$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$96,153$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%5.196%7.48%
1st payment$1,280.84$1,280.84$2,453.39
2nd payment$0.00$721.14$0.00
Taxes / mo$285.92$285.92$285.92
Insurance / mo$150.00$150.00$150.00
MI / mo$216.30$216.30$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,933.06$2,654.20$2,961.31
Cash to close$136,153$40,000$40,000