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$237,595$237,595$288,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$50,405$0
Funding fee$0$0$0
Note rate2.86%2.86%7.24%
Blended rate3.71%4.636%7.48%
1st payment$1,138.45$1,138.45$1,962.71
2nd payment$0.00$378.04$0.00
Taxes / mo$133.42$133.42$133.42
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,616.61$1,994.65$2,303.73
Cash to close$82,405$32,000$32,000