HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$231,437$231,437$396,000
Remaining term (yrs)0.70.730.0
Secondary amount$0$164,563$0
Funding fee$0$0$0
Note rate6.47%6.47%7.24%
Blended rate7.02%7.427%7.48%
1st payment$23,835.57$23,835.57$2,698.73
2nd payment$0.00$1,097.08$0.00
Taxes / mo$187.25$187.25$187.25
Insurance / mo$150.00$150.00$150.00
MI / mo$126.61$126.61$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$24,299.44$25,396.52$3,115.18
Cash to close$208,563$44,000$44,000