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$103,946$103,946$405,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$301,054$0
Funding fee$0$0$0
Note rate3.88%3.88%7.24%
Blended rate4.73%6.975%7.48%
1st payment$738.74$738.74$2,760.07
2nd payment$0.00$1,944.31$0.00
Taxes / mo$248.83$248.83$248.83
Insurance / mo$150.00$150.00$150.00
MI / mo$111.21$111.21$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.78$3,193.09$3,239.90
Cash to close$346,054$45,000$45,000