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$350,392$350,392$508,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$158,108$0
Funding fee$0$0$0
Note rate3.02%3.02%7.24%
Blended rate3.87%5.154%7.48%
1st payment$1,672.74$1,672.74$3,465.42
2nd payment$0.00$1,054.05$0.00
Taxes / mo$297.58$297.58$297.58
Insurance / mo$166.67$166.67$166.67
MI / mo$280.32$280.32$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,417.30$3,471.36$4,031.37
Cash to close$214,608$56,500$56,500