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$69,847$69,847$418,500
Remaining term (yrs)7.17.130.0
Secondary amount$0$348,653$0
Funding fee$0$0$0
Note rate5.97%5.97%7.24%
Blended rate6.82%7.595%7.48%
1st payment$1,000.26$1,000.26$2,852.07
2nd payment$0.00$2,251.72$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$166.67$166.67$166.67
MI / mo$118.56$118.56$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.90$3,647.62$3,212.85
Cash to close$395,153$46,500$46,500