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$315,598$315,598$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$179,402$0
Funding fee$0$0$0
Note rate2.375%2.375%7.24%
Blended rate3.225%4.956%7.48%
1st payment$1,420.49$1,420.49$3,373.42
2nd payment$0.00$1,196.01$0.00
Taxes / mo$509.25$509.25$509.25
Insurance / mo$166.67$166.67$166.67
MI / mo$258.89$258.89$99.00
HOA / mo$96.67$96.67$96.67
Total monthly$2,451.97$3,647.98$4,245.00
Cash to close$234,402$55,000$55,000