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$88,549$88,549$148,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$59,951$0
Funding fee$0$0$0
Note rate2.97%2.97%7.24%
Blended rate3.82%5.911%7.48%
1st payment$422.35$422.35$1,012.02
2nd payment$0.00$449.63$0.00
Taxes / mo$30.42$30.42$30.42
Insurance / mo$150.00$150.00$150.00
MI / mo$71.23$71.23$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$674.00$1,123.63$1,222.14
Cash to close$76,451$16,500$16,500