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$83,204$83,204$247,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$164,296$0
Funding fee$0$0$0
Note rate3.53%3.53%7.24%
Blended rate4.38%6.783%7.48%
1st payment$555.02$555.02$1,686.71
2nd payment$0.00$1,095.30$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$150.00$150.00$150.00
MI / mo$87.22$87.22$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$935.24$2,030.55$2,029.21
Cash to close$191,796$27,500$27,500