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$398,268$398,268$441,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$42,732$0
Funding fee$0$0$0
Note rate3.05%3.05%7.24%
Blended rate3.9%4.394%7.48%
1st payment$1,882.35$1,882.35$3,005.41
2nd payment$0.00$320.49$0.00
Taxes / mo$255.17$255.17$255.17
Insurance / mo$166.67$166.67$166.67
MI / mo$314.24$314.24$88.20
HOA / mo$25.00$25.00$25.00
Total monthly$2,643.42$2,963.91$3,540.44
Cash to close$91,732$49,000$49,000