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$325,320$325,320$427,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$102,180$0
Funding fee$0$0$0
Note rate3.16%3.16%7.24%
Blended rate4.01%4.964%7.48%
1st payment$1,620.51$1,620.51$2,913.40
2nd payment$0.00$681.20$0.00
Taxes / mo$379.92$379.92$379.92
Insurance / mo$166.67$166.67$166.67
MI / mo$266.77$266.77$85.50
HOA / mo$16.67$16.67$16.67
Total monthly$2,450.53$3,131.74$3,562.16
Cash to close$149,680$47,500$47,500