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$220,855$220,855$445,410
Remaining term (yrs)21.221.230.0
Secondary amount$0$224,555$0
Funding fee$0$0$0
Note rate3.95%3.95%7.24%
Blended rate4.8%6.287%7.48%
1st payment$1,278.00$1,278.00$3,035.46
2nd payment$0.00$1,450.25$0.00
Taxes / mo$375.33$375.33$375.33
Insurance / mo$166.67$166.67$166.67
MI / mo$190.76$190.76$89.08
HOA / mo$33.00$33.00$33.00
Total monthly$2,043.76$3,494.02$3,699.54
Cash to close$274,045$49,490$49,490