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$166,735$166,735$355,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$188,765$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%6.035%7.48%
1st payment$809.41$809.41$2,422.73
2nd payment$0.00$1,258.43$0.00
Taxes / mo$212.00$212.00$212.00
Insurance / mo$150.00$150.00$150.00
MI / mo$136.69$136.69$71.10
HOA / mo$425.00$425.00$425.00
Total monthly$1,733.10$2,991.53$3,280.83
Cash to close$228,265$39,500$39,500