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$339,867$339,867$403,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$63,333$0
Funding fee$0$0$0
Note rate2.81%2.81%7.24%
Blended rate3.66%4.499%7.48%
1st payment$1,615.90$1,615.90$2,747.80
2nd payment$0.00$475.00$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$80.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,256.27$2,731.26$3,190.61
Cash to close$108,133$44,800$44,800