HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$214,870$153,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.24%
Blended rate7.36%7.48%
1st payment$1,454.55$1,042.69
2nd payment$0.00$0.00
Taxes / mo$121.92$121.92
Insurance / mo$150.00$150.00
MI / mo$102.16$30.60
HOA / mo$310.00$310.00
Total monthly$2,138.62$1,655.21
Cash to close$0$17,000