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$56,279$56,279$360,000
Remaining term (yrs)6.26.230.0
Secondary amount$0$303,721$0
Funding fee$0$0$0
Note rate4.5%4.5%7.24%
Blended rate5.35%7.375%7.48%
1st payment$852.43$852.43$2,453.39
2nd payment$0.00$1,961.53$0.00
Taxes / mo$273.92$273.92$273.92
Insurance / mo$150.00$150.00$150.00
MI / mo$119.17$119.17$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.51$3,357.04$2,949.31
Cash to close$343,721$40,000$40,000