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$295,626$295,626$346,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$50,874$0
Funding fee$0$0$0
Note rate2.97%2.97%7.24%
Blended rate3.82%4.581%7.48%
1st payment$1,410.03$1,410.03$2,361.39
2nd payment$0.00$381.56$0.00
Taxes / mo$233.92$233.92$233.92
Insurance / mo$150.00$150.00$150.00
MI / mo$237.81$237.81$69.30
HOA / mo$350.00$350.00$350.00
Total monthly$2,381.76$2,763.31$3,164.61
Cash to close$89,374$38,500$38,500