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$367,495$367,495$557,100
Remaining term (yrs)29.529.530.0
Secondary amount$0$189,605$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.55%7.043%7.48%
1st payment$2,214.45$2,214.45$3,796.63
2nd payment$0.00$1,264.03$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$166.67$166.67$166.67
MI / mo$169.29$169.29$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,708.57$3,972.60$4,232.88
Cash to close$251,505$61,900$61,900