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$245,151$245,151$270,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$39,849$0
Funding fee$0$0$0
Note rate6.78%6.78%7.24%
Blended rate7.33%7.965%7.48%
1st payment$1,640.71$1,640.71$1,840.04
2nd payment$0.00$394.34$0.00
Taxes / mo$128.50$128.50$128.50
Insurance / mo$150.00$150.00$150.00
MI / mo$115.59$115.59$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,034.79$2,429.13$2,172.54
Cash to close$54,849$15,000$30,000