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$396,256$396,256$460,800
Remaining term (yrs)27.527.530.0
Secondary amount$0$64,544$0
Funding fee$0$0$0
Note rate6.88%6.88%7.24%
Blended rate7.43%7.65%7.48%
1st payment$2,675.06$2,675.06$3,140.34
2nd payment$0.00$484.08$0.00
Taxes / mo$301.25$301.25$301.25
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$92.16
HOA / mo$22.92$22.92$22.92
Total monthly$3,352.44$3,836.52$3,723.34
Cash to close$115,744$51,200$51,200