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$54,089$54,089$503,999
Remaining term (yrs)6.56.530.0
Secondary amount$0$449,910$0
Funding fee$0$0$0
Note rate5.61%5.61%7.24%
Blended rate6.46%7.612%7.48%
1st payment$820.45$820.45$3,434.74
2nd payment$0.00$2,905.67$0.00
Taxes / mo$160.75$160.75$160.75
Insurance / mo$166.67$166.67$166.67
MI / mo$101.12$101.12$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.99$4,154.66$3,862.96
Cash to close$505,910$56,000$56,000