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$231,005$231,005$315,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$83,995$0
Funding fee$0$0$0
Note rate3.65%3.65%7.24%
Blended rate4.5%5.7%7.48%
1st payment$1,235.23$1,235.23$2,146.72
2nd payment$0.00$629.96$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.32$2,378.29$2,531.55
Cash to close$118,995$35,000$35,000