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$600,100$600,100$816,750
Remaining term (yrs)29.529.530.0
Secondary amount$0$216,650$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.55%6.868%7.48%
1st payment$3,616.08$3,616.08$5,566.14
2nd payment$0.00$1,399.20$0.00
Taxes / mo$184.67$184.67$184.67
Insurance / mo$216.67$216.67$216.67
MI / mo$276.44$276.44$163.35
HOA / mo$18.33$18.33$18.33
Total monthly$4,312.18$5,711.38$6,149.15
Cash to close$307,400$90,750$90,750