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$49,855$49,855$324,000
Remaining term (yrs)35.835.830.0
Secondary amount$0$274,145$0
Funding fee$0$0$0
Note rate5.51%5.51%7.24%
Blended rate6.36%7.536%7.48%
1st payment$265.82$265.82$2,208.05
2nd payment$0.00$1,770.52$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$150.00$150.00$150.00
MI / mo$36.46$36.46$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$641.45$2,411.97$2,612.02
Cash to close$310,145$36,000$36,000