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$16,105$16,105$207,000
Remaining term (yrs)2.62.630.0
Secondary amount$0$190,895$0
Funding fee$0$0$0
Note rate7.02%7.02%7.24%
Blended rate7.87%7.99%7.48%
1st payment$553.32$553.32$1,410.70
2nd payment$0.00$1,272.63$0.00
Taxes / mo$124.67$124.67$124.67
Insurance / mo$150.00$150.00$150.00
MI / mo$58.79$58.79$41.40
HOA / mo$420.00$420.00$420.00
Total monthly$1,306.77$2,579.41$2,146.77
Cash to close$213,895$23,000$23,000