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$239,247$239,247$337,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$98,253$0
Funding fee$0$0$0
Note rate3.94%3.94%7.24%
Blended rate4.79%6.016%7.48%
1st payment$1,408.02$1,408.02$2,300.06
2nd payment$0.00$736.89$0.00
Taxes / mo$206.25$206.25$206.25
Insurance / mo$150.00$150.00$150.00
MI / mo$210.43$210.43$67.50
HOA / mo$50.00$50.00$50.00
Total monthly$2,024.70$2,761.59$2,773.81
Cash to close$135,753$37,500$37,500