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$406,391$406,391$418,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,359$0
Funding fee$0$0$0
Note rate6.65%6.65%7.24%
Blended rate7.2%7.574%7.48%
1st payment$2,650.25$2,650.25$2,852.07
2nd payment$0.00$349.90$0.00
Taxes / mo$615.33$615.33$615.33
Insurance / mo$166.67$166.67$166.67
MI / mo$189.22$189.22$83.70
HOA / mo$260.00$260.00$260.00
Total monthly$3,881.46$4,231.37$3,977.77
Cash to close$58,609$23,250$46,500