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$284,638$284,638$355,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$70,862$0
Funding fee$0$0$0
Note rate2.81%2.81%7.24%
Blended rate3.66%4.724%7.48%
1st payment$1,353.31$1,353.31$2,422.73
2nd payment$0.00$531.46$0.00
Taxes / mo$170.50$170.50$170.50
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,906.81$2,438.27$2,814.33
Cash to close$110,362$39,500$39,500