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$224,005$224,005$391,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$167,405$0
Funding fee$0$0$0
Note rate3.65%3.65%7.24%
Blended rate4.5%5.997%7.48%
1st payment$1,186.93$1,186.93$2,667.45
2nd payment$0.00$1,116.03$0.00
Taxes / mo$230.25$230.25$230.25
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$78.28
HOA / mo$39.33$39.33$39.33
Total monthly$1,790.30$2,906.33$3,165.31
Cash to close$210,895$43,490$43,490