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$21,299$21,299$360,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$338,701$0
Funding fee$0$0$0
Note rate6.47%6.47%7.24%
Blended rate7.02%7.707%7.48%
1st payment$139.06$139.06$2,453.39
2nd payment$0.00$2,187.44$0.00
Taxes / mo$183.92$183.92$183.92
Insurance / mo$150.00$150.00$150.00
MI / mo$10.00$10.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$482.98$2,670.42$2,859.31
Cash to close$378,701$40,000$40,000