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$122,864$122,864$447,300
Remaining term (yrs)26.826.830.0
Secondary amount$0$324,436$0
Funding fee$0$0$0
Note rate6.96%6.96%7.24%
Blended rate7.51%7.684%7.48%
1st payment$842.76$842.76$3,048.34
2nd payment$0.00$2,095.31$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$166.67$166.67$166.67
MI / mo$58.29$58.29$89.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,371.89$3,467.21$3,608.63
Cash to close$374,136$49,700$49,700