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$5,943$5,943$255,600
Remaining term (yrs)24.924.930.0
Secondary amount$0$249,657$0
Funding fee$0$0$0
Note rate6.63%6.63%7.24%
Blended rate7.18%7.737%7.48%
1st payment$40.61$40.61$1,741.91
2nd payment$0.00$1,612.37$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.77$2.77$51.12
HOA / mo$610.00$610.00$610.00
Total monthly$953.88$2,566.24$2,703.53
Cash to close$278,057$28,400$28,400