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$49,766$49,766$184,500
Remaining term (yrs)8.28.230.0
Secondary amount$0$134,734$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.85%7.69%7.48%
1st payment$633.62$633.62$1,257.36
2nd payment$0.00$898.23$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$74.86$74.86$36.90
HOA / mo$400.00$400.00$400.00
Total monthly$1,372.48$2,270.70$1,958.26
Cash to close$155,234$20,500$20,500