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$114,133$114,133$450,000
Remaining term (yrs)7.77.730.0
Secondary amount$0$335,867$0
Funding fee$0$0$0
Note rate5.98%5.98%7.24%
Blended rate6.83%7.517%7.48%
1st payment$1,536.51$1,536.51$3,066.74
2nd payment$0.00$2,169.14$0.00
Taxes / mo$357.67$357.67$357.67
Insurance / mo$166.67$166.67$166.67
MI / mo$181.92$181.92$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,242.76$4,411.90$3,681.07
Cash to close$385,867$50,000$50,000