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$282,915$282,915$427,950
Remaining term (yrs)24.124.130.0
Secondary amount$0$145,035$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%5.171%7.48%
1st payment$1,353.81$1,353.81$2,916.47
2nd payment$0.00$966.90$0.00
Taxes / mo$239.00$239.00$239.00
Insurance / mo$166.67$166.67$166.67
MI / mo$231.28$231.28$85.59
HOA / mo$0.00$0.00$0.00
Total monthly$1,990.76$2,957.65$3,407.73
Cash to close$192,585$47,550$47,550