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$10,759$10,759$202,500
Remaining term (yrs)1.61.630.0
Secondary amount$0$191,741$0
Funding fee$0$0$0
Note rate7.15%7.15%7.24%
Blended rate8%8%7.48%
1st payment$572.24$572.24$1,380.03
2nd payment$0.00$1,278.27$0.00
Taxes / mo$172.58$172.58$172.58
Insurance / mo$150.00$150.00$150.00
MI / mo$60.01$60.01$40.50
HOA / mo$350.00$350.00$350.00
Total monthly$1,304.84$2,583.11$2,093.12
Cash to close$214,241$22,500$22,500