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$296,429$296,429$414,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$117,571$0
Funding fee$0$0$0
Note rate2.99%2.99%7.24%
Blended rate3.84%5.021%7.48%
1st payment$1,447.03$1,447.03$2,821.40
2nd payment$0.00$783.81$0.00
Taxes / mo$360.83$360.83$360.83
Insurance / mo$166.67$166.67$166.67
MI / mo$243.43$243.43$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,217.96$3,001.76$3,431.70
Cash to close$163,571$46,000$46,000