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$228,205$228,205$283,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$55,295$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.75%7.48%
1st payment$1,127.60$1,127.60$1,932.05
2nd payment$0.00$414.72$0.00
Taxes / mo$219.00$219.00$219.00
Insurance / mo$150.00$150.00$150.00
MI / mo$184.30$184.30$56.70
HOA / mo$292.00$292.00$292.00
Total monthly$1,972.90$2,387.61$2,649.75
Cash to close$86,795$31,500$31,500