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$202,612$202,612$243,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$40,388$0
Funding fee$0$0$0
Note rate3.02%3.02%7.24%
Blended rate3.87%4.723%7.48%
1st payment$967.25$967.25$1,656.04
2nd payment$0.00$302.91$0.00
Taxes / mo$176.83$176.83$176.83
Insurance / mo$150.00$150.00$150.00
MI / mo$162.09$162.09$48.60
HOA / mo$845.00$845.00$845.00
Total monthly$2,301.17$2,604.08$2,876.47
Cash to close$67,388$27,000$27,000