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$8,707$8,707$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$351,293$0
Funding fee$0$0$0
Note rate6.72%6.72%7.24%
Blended rate7.27%7.738%7.48%
1st payment$60.96$60.96$2,453.39
2nd payment$0.00$2,268.77$0.00
Taxes / mo$310.75$310.75$310.75
Insurance / mo$150.00$150.00$150.00
MI / mo$4.06$4.06$72.00
HOA / mo$190.00$190.00$190.00
Total monthly$715.77$2,984.54$3,176.14
Cash to close$391,293$40,000$40,000