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$247,199$247,199$585,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$337,801$0
Funding fee$0$0$0
Note rate3.58%3.58%7.24%
Blended rate4.43%6.347%7.48%
1st payment$1,460.61$1,460.61$3,986.76
2nd payment$0.00$2,181.63$0.00
Taxes / mo$293.83$293.83$293.83
Insurance / mo$166.67$166.67$166.67
MI / mo$228.13$228.13$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,149.23$4,330.86$4,564.26
Cash to close$402,801$65,000$65,000