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$224,489$224,489$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$270,511$0
Funding fee$0$0$0
Note rate2.73%2.73%7.24%
Blended rate3.58%5.859%7.48%
1st payment$1,050.53$1,050.53$3,373.42
2nd payment$0.00$1,747.05$0.00
Taxes / mo$306.75$306.75$306.75
Insurance / mo$166.67$166.67$166.67
MI / mo$182.75$182.75$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,706.70$3,453.75$3,945.83
Cash to close$325,511$55,000$55,000