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$271,487$271,487$350,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$79,423$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%4.985%7.48%
1st payment$1,317.93$1,317.93$2,391.45
2nd payment$0.00$595.67$0.00
Taxes / mo$189.33$189.33$189.33
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.82$2,475.49$2,800.96
Cash to close$118,413$38,990$38,990