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$59,895$59,895$288,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$228,105$0
Funding fee$0$0$0
Note rate3.75%3.75%7.24%
Blended rate4.6%7.095%7.48%
1st payment$373.36$373.36$1,962.71
2nd payment$0.00$1,473.18$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$150.00$150.00$150.00
MI / mo$57.11$57.11$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$676.80$2,149.98$2,266.65
Cash to close$260,105$32,000$32,000