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$220,583$220,583$306,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$85,417$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%5.259%7.48%
1st payment$1,070.81$1,070.81$2,085.38
2nd payment$0.00$640.63$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$61.20
HOA / mo$535.00$535.00$535.00
Total monthly$2,048.39$2,689.02$2,943.33
Cash to close$119,417$34,000$34,000