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$343,996$343,996$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$36,004$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.493%7.48%
1st payment$1,608.10$1,608.10$2,453.39
2nd payment$0.00$356.29$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$72.00
HOA / mo$371.00$371.00$371.00
Total monthly$2,595.49$2,951.78$3,238.06
Cash to close$56,004$20,000$40,000