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$199,435$199,435$310,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$111,065$0
Funding fee$0$0$0
Note rate4.17%4.17%7.24%
Blended rate5.02%6.086%7.48%
1st payment$1,210.46$1,210.46$2,116.05
2nd payment$0.00$740.43$0.00
Taxes / mo$236.08$236.08$236.08
Insurance / mo$150.00$150.00$150.00
MI / mo$175.96$175.96$62.10
HOA / mo$343.00$343.00$343.00
Total monthly$2,115.50$2,855.93$2,907.24
Cash to close$145,565$34,500$34,500