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$420,006$420,006$423,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,494$0
Funding fee$0$0$0
Note rate5.51%5.51%7.24%
Blended rate6.36%6.687%7.48%
1st payment$2,539.45$2,539.45$2,882.74
2nd payment$0.00$262.18$0.00
Taxes / mo$235.00$235.00$235.00
Insurance / mo$166.67$166.67$166.67
MI / mo$316.45$316.45$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,257.57$3,519.74$3,369.00
Cash to close$49,994$23,500$47,000