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$406,718$406,718$562,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$155,782$0
Funding fee$0$0$0
Note rate4.17%4.17%7.24%
Blended rate5.02%5.845%7.48%
1st payment$2,152.99$2,152.99$3,833.43
2nd payment$0.00$1,038.55$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$166.67$166.67$166.67
MI / mo$312.98$312.98$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,801.30$3,839.84$4,281.26
Cash to close$218,282$62,500$62,500