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$229,536$229,536$341,100
Remaining term (yrs)21.921.930.0
Secondary amount$0$111,564$0
Funding fee$0$0$0
Note rate4.59%4.59%7.24%
Blended rate5.44%6.277%7.48%
1st payment$1,382.62$1,382.62$2,324.59
2nd payment$0.00$743.76$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,895.89$2,639.65$2,714.81
Cash to close$149,464$37,900$37,900