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$417,756$417,756$506,250
Remaining term (yrs)24.224.230.0
Secondary amount$0$88,494$0
Funding fee$0$0$0
Note rate2.71%2.71%7.24%
Blended rate3.56%4.511%7.48%
1st payment$1,955.42$1,955.42$3,450.08
2nd payment$0.00$663.70$0.00
Taxes / mo$360.92$360.92$360.92
Insurance / mo$166.67$166.67$166.67
MI / mo$341.05$341.05$101.25
HOA / mo$87.00$87.00$87.00
Total monthly$2,911.05$3,574.75$4,165.92
Cash to close$144,744$56,250$56,250