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$9,885$9,885$472,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$462,615$0
Funding fee$0$0$0
Note rate6.58%6.58%7.24%
Blended rate7.13%7.737%7.48%
1st payment$72.47$72.47$3,220.08
2nd payment$0.00$2,987.72$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$166.67$166.67$166.67
MI / mo$4.63$4.63$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$447.93$3,435.65$3,685.41
Cash to close$515,115$52,500$52,500