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$31,075$31,075$270,000
Remaining term (yrs)21.821.830.0
Secondary amount$0$238,925$0
Funding fee$0$0$0
Note rate6.75%6.75%7.24%
Blended rate7.3%7.698%7.48%
1st payment$226.63$226.63$1,840.04
2nd payment$0.00$1,543.06$0.00
Taxes / mo$178.00$178.00$178.00
Insurance / mo$150.00$150.00$150.00
MI / mo$14.54$14.54$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$569.17$2,112.23$2,222.04
Cash to close$268,925$30,000$30,000