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$315,317$315,317$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$67,183$0
Funding fee$0$0$0
Note rate6.65%6.65%7.24%
Blended rate7.2%7.516%7.48%
1st payment$2,111.63$2,111.63$2,606.73
2nd payment$0.00$503.87$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,558.22$3,062.09$2,979.06
Cash to close$109,683$42,500$42,500