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$288,804$288,804$418,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$129,696$0
Funding fee$0$0$0
Note rate2.75%2.75%7.24%
Blended rate3.6%4.964%7.48%
1st payment$1,367.61$1,367.61$2,852.07
2nd payment$0.00$864.64$0.00
Taxes / mo$241.92$241.92$241.92
Insurance / mo$166.67$166.67$166.67
MI / mo$237.29$237.29$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,013.48$2,878.13$3,344.35
Cash to close$176,196$46,500$46,500