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$44,550$44,550$350,100
Remaining term (yrs)4.34.330.0
Secondary amount$0$305,550$0
Funding fee$0$0$0
Note rate6.98%6.98%7.24%
Blended rate7.83%7.76%7.48%
1st payment$979.20$979.20$2,385.92
2nd payment$0.00$1,973.34$0.00
Taxes / mo$200.58$200.58$200.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$70.02
HOA / mo$300.00$300.00$300.00
Total monthly$1,734.25$3,707.59$3,106.53
Cash to close$344,450$38,900$38,900