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$29,740$29,740$216,000
Remaining term (yrs)6.26.230.0
Secondary amount$0$186,260$0
Funding fee$0$0$0
Note rate6.1%6.1%7.24%
Blended rate6.95%7.855%7.48%
1st payment$477.91$477.91$1,472.04
2nd payment$0.00$1,241.73$0.00
Taxes / mo$80.17$80.17$80.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.86$55.86$43.20
HOA / mo$230.00$230.00$230.00
Total monthly$993.94$2,235.67$1,975.40
Cash to close$210,260$24,000$24,000