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$209,000$209,000$314,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$105,910$0
Funding fee$0$0$0
Note rate2.88%2.88%7.24%
Blended rate3.73%5.166%7.48%
1st payment$1,008.43$1,008.43$2,146.11
2nd payment$0.00$706.06$0.00
Taxes / mo$280.50$280.50$280.50
Insurance / mo$150.00$150.00$150.00
MI / mo$172.06$172.06$62.98
HOA / mo$225.00$225.00$225.00
Total monthly$1,835.99$2,542.05$2,864.59
Cash to close$140,900$34,990$34,990