HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$308,374$315,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.99%7.24%
Blended rate7.54%7.48%
1st payment$2,097.76$2,146.72
2nd payment$0.00$0.00
Taxes / mo$191.33$191.33
Insurance / mo$150.00$150.00
MI / mo$144.66$63.00
HOA / mo$0.00$0.00
Total monthly$2,583.76$2,551.05
Cash to close$41,626$35,000