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$14,525$14,525$369,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$354,475$0
Funding fee$0$0$0
Note rate2.9%2.9%7.24%
Blended rate3.75%7.593%7.48%
1st payment$74.29$74.29$2,514.73
2nd payment$0.00$2,289.32$0.00
Taxes / mo$229.25$229.25$229.25
Insurance / mo$150.00$150.00$150.00
MI / mo$12.10$12.10$73.80
HOA / mo$70.00$70.00$70.00
Total monthly$535.64$2,824.95$3,037.78
Cash to close$395,475$41,000$41,000