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$331,188$331,188$396,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$64,812$0
Funding fee$0$0$0
Note rate6.93%6.93%7.24%
Blended rate7.48%7.729%7.48%
1st payment$2,224.87$2,224.87$2,698.73
2nd payment$0.00$486.09$0.00
Taxes / mo$411.00$411.00$411.00
Insurance / mo$150.00$150.00$150.00
MI / mo$154.36$154.36$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,940.24$3,426.33$3,338.93
Cash to close$108,812$44,000$44,000