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$304,535$304,535$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$27,965$0
Funding fee$0$0$0
Note rate5.1%5.1%7.24%
Blended rate5.95%6.448%7.48%
1st payment$1,775.02$1,775.02$2,146.72
2nd payment$0.00$276.73$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$231.57$231.57$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.01$2,583.74$2,510.14
Cash to close$45,465$17,500$35,000