HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$700,750$674,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.95%7.24%
Blended rate7.5%7.48%
1st payment$4,777.19$4,593.98
2nd payment$0.00$0.00
Taxes / mo$400.83$400.83
Insurance / mo$216.67$216.67
MI / mo$330.77$134.82
HOA / mo$170.00$170.00
Total monthly$5,895.47$5,516.30
Cash to close$48,250$74,900