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$136,364$136,364$198,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$61,636$0
Funding fee$0$0$0
Note rate3.75%3.75%7.24%
Blended rate4.6%5.97%7.48%
1st payment$739.81$739.81$1,349.37
2nd payment$0.00$462.27$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.15$113.15$39.60
HOA / mo$354.00$354.00$354.00
Total monthly$1,442.88$1,905.16$1,978.88
Cash to close$83,636$22,000$22,000