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$495,000$495,000$517,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$51,250$0
Funding fee$0$0$0
Note rate6.58%6.58%7.24%
Blended rate7.13%7.575%7.48%
1st payment$3,189.94$3,189.94$3,526.75
2nd payment$0.00$507.16$0.00
Taxes / mo$188.00$188.00$188.00
Insurance / mo$166.67$166.67$166.67
MI / mo$229.40$229.40$103.50
HOA / mo$18.33$18.33$18.33
Total monthly$3,792.34$4,299.50$4,003.25
Cash to close$80,000$28,750$57,500