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$8,562$8,562$346,500
Remaining term (yrs)1.41.430.0
Secondary amount$0$337,938$0
Funding fee$0$0$0
Note rate7.09%7.09%7.24%
Blended rate7.94%7.755%7.48%
1st payment$502.83$502.83$2,361.39
2nd payment$0.00$2,182.51$0.00
Taxes / mo$185.58$185.58$185.58
Insurance / mo$150.00$150.00$150.00
MI / mo$53.05$53.05$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$891.47$3,073.98$2,766.27
Cash to close$376,438$38,500$38,500