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$111,894$111,894$540,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$428,106$0
Funding fee$0$0$0
Note rate3.5%3.5%7.24%
Blended rate4.35%7.045%7.48%
1st payment$750.34$750.34$3,680.09
2nd payment$0.00$2,764.85$0.00
Taxes / mo$214.00$214.00$214.00
Insurance / mo$166.67$166.67$166.67
MI / mo$118.36$118.36$108.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,324.37$4,089.22$4,243.76
Cash to close$488,106$60,000$60,000