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$217,479$217,479$463,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$246,021$0
Funding fee$0$0$0
Note rate4.5%4.5%7.24%
Blended rate5.35%6.624%7.48%
1st payment$1,299.19$1,299.19$3,158.74
2nd payment$0.00$1,588.88$0.00
Taxes / mo$270.33$270.33$270.33
Insurance / mo$166.67$166.67$166.67
MI / mo$181.62$181.62$92.70
HOA / mo$42.00$42.00$42.00
Total monthly$1,959.82$3,548.70$3,730.44
Cash to close$297,521$51,500$51,500