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$67,367$67,367$292,410
Remaining term (yrs)7.17.130.0
Secondary amount$0$225,043$0
Funding fee$0$0$0
Note rate6.05%6.05%7.24%
Blended rate6.9%7.554%7.48%
1st payment$967.33$967.33$1,992.77
2nd payment$0.00$1,453.40$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.67$113.67$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,421.92$2,875.33$2,392.17
Cash to close$257,533$32,490$32,490